J. Crew is exploring a potential initial public offering for its faster growing brand Madewell, the company said in a release Thursday.
The IPO for the preppy fashion retailer could happen as early as “the second half of 2019.”
J. Crew said the move is a part of its initiative to “maximize value, position both the J.Crew and Madewell brands for long-term growth, and deleverage and strengthen the Company’s balance sheet.”. . . more