By and and  on March 3, 2014

Fast Retailing Co. Ltd.’s Tadashi Yanai appears ready to spend big time in his drive to become the world’s largest fashion retailer — including up to $5 billion to snap up J. Crew Group Inc. and bring on board his idol, Millard “Mickey” Drexler.

Uniqlo-parent Fast Retailing is in talks to acquire J. Crew from owners TPG and Leonard Green & Partners, and should the talks go smoothly, a deal could be finalized within the next two months, according to a source. Drexler himself would earn a major windfall — he owned 5.4 percent of the retailer in 2010, although sources say he may have increased his stake since then.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus