Uniqlo owners Fast Retailing to acquire J. Crew Group Inc

Uniqlo owners Fast Retailing is reportedly involved in talks to acquire J. Crew Group Inc.

Two sources cited by Bloomberg this weekend said the Japanese company is in discussions to acquire the aspirational fashion retailer from TPG Capital and Leonard Green & Parners LP. The deal could be valued at as much as USD 5 billion.

Uniqlo-owners-Fast-Retailing-to-acquire-J_Crew-Group-Inc

It’s thought Fast Retailing owner Tadashi Yanai has set his sights on turning the apparel giant into the world’s biggest clothing retailer, by pushing forward with low-priced casual wear into new markets and investigating potential acquisitions in order to compete with Spain’s Inditex and Sweden’s Hennes & Mauritz.

Share this:
Tags:

About Jessica Priston

Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus. Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus. Nulla facilisi. Aenean nec eros.

  • Website
  • Google+
  • Rss
  • Pinterest
  • Instagram
  • LinkedIn
  • Vimeo
  • Youtube
  • Flickr
  • Email

Related News

  • Prada opened freestanding store in Osaka

    Luxury giants Prada opened its first freestanding store in the Japanese city of Osaka on Monday. The store is spread across five levels and 16,145 square feet. The store will stock Prada’s men’s and women’s ready-to-wear lines, l

  • Prada opens new store in Tokyo Japan
    Prada opens new store in Tokyo Japan
    July 01, 2014 5:50 am

    Prada has this week opened a new store in Tokyo, Japan. Located in Ginza’s Chuo Dori St, the new store comprises of: men’s, women’s ready-to-wear, accessories and leather-wear sections over three floors and 1,000 sqm. At pre

  • Rakuten to introduce cheap smartphone service in Japan

    Japanese e-commerce brand Rakuten Inc has announced it will launch a budget smartphone service that costs roughly a third of the standard monthly fees that Japan’s three main operators charge, in a move that will intensify price competition.

  • Scouting for investments in internet ventures:SoftBank invites Urban Ladder,Yepme and Swipe to Tokyo

    Japan\'s SoftBank has invited three Indian startups to travel to Tokyo later this month to continue negotiations that could lead to a round of funding, said three people directly aware of the developments. Online furniture retailer Urban Ladder, fash