Company Overview of J. Crew Group, Inc.
J.Crew Group, Inc. operates as a multi-brand apparel and accessories retailer in the United States, Canada, the United Kingdom, and Hong Kong. The company designs, markets, and sells an assortment of women’s and men’s apparel and accessories, including outerwear, suiting, casual attire, wedding and bridesmaids dresses, swimwear, shoes, handbags, belts, socks, jewelry, and others, as well as casual T-shirts, denims, hand-embellished sweaters and coats, Italian cashmere, limited edition prints and patterns, and vintage inspired details under the J.Crew brand name. It also offers a product assortment of apparel and accessories for the children’s market from infant to children’s size 14 under th...
New York, NY 10003
Founded in 1983
Key Executives for J. Crew Group, Inc.
Chairman of the Board and Chief Executive Officer
President, Chief Financial Officer and Chief Operating Officer
President of J. Crew Brand
Chief Accounting Officer and Senior Vice President
Senior Vice President, General Counsel and Secretary
Compensation as of Fiscal Year 2015.
J. Crew Group, Inc. Key Developments
J. Crew Group, Inc. Enters into Fourth Amendment to Credit Agreement
Dec 18 15
On December 17, 2015, J.Crew Group, Inc., Chinos Intermediate Holdings B, Inc., Bank of America, N.A., as administrative agent and as collateral agent, and each lender party thereto entered into that certain Fourth Amendment to Credit Agreement, which modifies the Company's asset-based revolving credit facility. The Fourth Amendment increases the revolving credit commitment under the ABL Facility from $300,000,000 to $350,000,000.
J.Crew Group, Inc. Names Michael J. Nicholson as President, Chief Operating Officer and Chief Financial Officer, Effective January 11, 2016
Dec 3 15
J.Crew Group, Inc. announced that it has named Michael J. Nicholson as President, Chief Operating Officer and Chief Financial Officer, effective January 11, 2016. Mr. Nicholson will report to Millard Drexler, Chairman and CEO. Mr. Nicholson, was most recently Executive Vice President, Chief Operating Officer, Chief Financial Officer, and Treasurer of ANN INC. Mr. Nicholson will lead J.Crew's finance, global supply chain, sourcing, IT, real estate, asset management and investment management functions.
J. Crew Group, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 31, 2015; Announces Impairment Losses for the Third Quarter of Fiscal 2016; Provides Capital Expenditures Guidance for the Fiscal 2016
Dec 3 15
J. Crew Group, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended October 31, 2015. For the quarter, the company's total revenues were $619.4 million compared with $655.2 million a year ago. Operating loss was $808.5 million compared with $636.3 million a year ago. Both this year and last year reflect the impact of pre-tax, non-cash impairment charges of $845.9 million and $684.0 million, respectively. Loss before income taxes was $826.1 million compared with $654.1 million a year ago. Net loss was $759.7 million compared with $607.8 million a year ago. EBITDA loss was $778.1 million compared with $608.5 million a year ago. Adjusted EBITDA was $73.6 million compared with $80.9 million a year ago. Cash flows from operating activities were $33.2 million compared with $52.6 million a year ago. Capital expenditures for the third quarter were $33 million.
For the nine months, the company's total revenues were $1,794.9 million compared with $1,874.4 million a year ago. Operating loss was $1,326.5 million compared with $566.3 million a year ago. Loss before income taxes was $1,378.9 million compared with $682.2 million a year ago. Net loss was $1,235.6 million compared with $627.2 million a year ago. The first nine months this year reflects the impact of non-cash impairment charges and a charge for severance and related costs. EBITDA loss was $1,238.0 million compared with $486.6 million a year ago. Adjusted EBITDA was $159.4 million compared with $213.1 million a year ago. Cash flows from operating activities were $45.3 million compared with $84.0 million a year ago.
The company announced impairment losses of $845.9 million for the third quarter ended October 31, 2015.
For fiscal 2016, the company expects capital expenditures of approximately $105 million to $110 million.
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