Pursuits

J. Crew Said to Get No Offers to Rival $3 Billion TPG, Green Bid

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By Jeffrey McCracken and Matt Townsend

January 16, 2011 at 5:36 PM UTC

This article is for subscribers only.

J. Crew Group Inc. didn’t get any competing offers to top a $3 billion bid for the New York clothier from TPG Capital and Leonard Green & Partners LP, said two people familiar with the matter.

No additional offers were submitted by the Jan. 15 deadline, said the people, who declined to be identified because the information isn’t public. Sears Holdings Inc. and Urban Outfitters Inc. had been studying possible bids, people familiar with the matter said earlier this month.