J. Crew Group Inc. said Wednesday that one of its shareholders, Texas Pacific Group, would be offering 7.5 million shares of the retailer’s common stock, and that none of the proceeds from the sale will go to J. Crew.
The stock sale would reduce Texas Pacific Group’s holdings in J. Crew from 36 percent to 24 percent.
Separately, the retailer said in a Securities and Exchange Commission filing that revenue for the November-December 2006 period rose 19 percent to $291.1 million.
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