iam.mike· Partner / Administrator
Discussion Starter · #1 ·
- J. Crew is preparing to file for bankruptcy, according to reports by CNBC and The Wall Street Journal that cited anonymous sources. J. Crew did not immediately respond to Retail Dive's request for comment.
- The apparel retailer could file as early as this weekend, though the Wall Street Journal reported that the retailer's board hadn't signed off on a plan as of Thursday evening.
- The company is trying to secure $400 million to finance it through the court process, according to CNBC.