Credit watchdog Moody's downgraded the debt backing J. Crew to “Caa2” from “B3.”
The shop at 12 Mercer Street will offer a small sliver of Gallagher’s fashion archives, with the rest available by special order.
Entertainment in recent years has included Florence + the Machine, Lady Gaga, Rihanna and Kanye West.
She has been named senior vice president and publisher of the Everyday Food and Whole Living brands.