Just when we thought J. Crew was going private, in a $3-billion private-equity deal, some big retail names are apparently showing interest in the apparel chain. Neither of them, Sears and Urban Outfitters, make much sense on the surface.
A potential Sears buyout might spell disaster for J. Crew, according to a Bloomberg report. The deal would be "great for Sears but horrible for J. Crew," the news organization quoted Needham & Co. analyst Christine Chen, who added "It would have a negative impact on the J. Crew brand."
Any similarties to when Sears acquired Lands End, anyone?
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