Drexler Investment Worth $150 Million With Takeover

Mickey Drexler put $10 million of his own money into J. Crew Group Inc. when he took over its top job in 2003. As he overhauled the New York retailer, he personally reviewed every item of clothing sold, every model in the catalog and every new employee.

Now the 66-year-old son of a New York button buyer stands to profit from his obsessiveness. He agreed yesterday to a $3 billion takeover by TPG Capital and Leonard Green & Partners that values his stake at about $150 million, 15 times his original investment.