By  on April 11, 2019

The struggling J. Crew Group Inc., seeking to cut debt and better position its divisions for the future, said it is reviewing strategic alternatives for the company, including a possible Madewell initial public offering.

J. Crew said Thursday if the Madewell IPO is pursued, it could be completed as early as the second half of 2019. Word on the street is that Madewell could be valued at around $1.5 billion to $2 billion. Madewell sales last year increased 26 percent to $529 million; comparable sales increased 25 percent.

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