The shake-ups seem to be coming for American label, J. Crew. The brand has been in the news a lot lately in regards to financial problems and their new location in England. We most recently reported that they are in need of a loan to pay back debt of $1.57 billion.
Reports are saying that Uniqlo parent company, Fast Retailing is interested in acquiring J. Crew in an attempt to expand their position in the industry. Apparently owner, Tadashi Yanai wants to be the world’s biggest clothing retailer and feels this step would bring him closer. While both companies have yet to comment on the rumors, J. Crew is set to public later this year.
And Amancio Ortega continues to worry not.