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J. Crew Board Ties to TPG, Drexler May Pose Buyout Conflicts

In 1997, Josh Weston persuaded the founder of J. Crew Group Inc. to sell the company to TPG Capital. Now, he’s heading the special board committee that approved TPG’s offer to again buy the apparel retailer.

Weston is one of five outside J. Crew directors originally appointed by Chairman Millard Drexler or TPG, which earned a more than fivefold return after taking the company public in