J. Crew Group is in talks to sell the clothing retailer to Japan’s Fast Retailing for as much as $5 billion.
Fast Retailing, which owns the Uniqlo apparel chain, this week approached J. Crew’s management about potentially buying the private-equity-owned business. J. Crew is seeking upward of $5 billion for the business. It remained unclear whether Fast Retailing would pay that much and whether the two sides have yet discussed a price.
Fast Retailing, which owns the Uniqlo apparel chain, this week approached J. Crew’s management about potentially buying the private-equity-owned business. J. Crew is seeking upward of $5 billion for the business. It remained unclear whether Fast Retailing would pay that much and whether the two sides have yet discussed a price.
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