J. Crew’s CEO Says Debt Holders Are Forgiving Old Wounds
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When J. Crew Group launched a massive debt overhaul last year, angry creditors who lost their grip on valuable assets coined a new epithet: They said they were getting “J. Crewed.” The name has since become a short-hand insult for similar deals at other retailers.
Now signs are emerging that the preppy clothier is stabilizing under a new boss, and that a debt rally may patch things up with investors.