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J. Crew to quickly move forward with Madewell IPO

By Dale Arden Chong

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It appears that J. Crew is moving forward with the much-discussed Madewell initial public offering.

According to WWD, there are reports of managers holding conversations with lenders over the past week, with the suggestion of Madewell to have a standalone business plan. However, J. Crew Group would still maintain ownership over the brand. There has also been speculation of the J. Crew Group presenting J. Crew and Madewell as two separate businesses.

The business plan for Madewell would include a capital structure and a proposed separate board, according to the report. This board would include members who are also part of the J. Crew Group board.

J. Crew Group, which announced the possibility of an IPO for Madewell earlier this April. stated that the IPO could be released as early as the second half of 2019.

IPO
J CREW
Madewell