American retailer J. Crew has filed for bankruptcy.
Currently, J. Crew has a debt of $ 1.7 billion. According to The Business of Fashion, J. Crew was forced to close most stores amid the coronavirus pandemic, which only worsened the company's position.
In late January, J. Crew appointed a new CEO, Jan Singer, who had previously held a similar position in Victoria's Secret and had worked with Nike for ten years. Singer was supposed to help the company solve financial problems, but it failed to keep up with online stores and return the retailer to its former popularity.
16:59, May 26Naomi Campbell shares photo from her archive dedicated to Africa Day
13:10, May 26Brad Pitt's new passion: Who is she?
11:10, May 26'Relic' official trailer released
19:11, May 25Elon Musk and Grimes have to change their baby's name
18:10, May 25Queen star says he underwent surgery and was 'very near death' after a heart attack
15:39, May 25Forever to go: Kim Kardashian and Kanye West celebrating their 6th wedding anniversary
11:05, May 25System of a Down concert in Armenia is rescheduled for 2021
17:16, May 24Jennifer Lopez performs sexy dance
10:09, May 24Kim Kardashian drives fans crazy with brown leopard print bikini
23:03, May 23Kylie Jenner stuns in sexy neon bikini
15:39, May 23Hailey Bieber responds to plastic surgery claims (PHOTOS)
12:11, May 23Drake insults Kylie Jenner in unreleased song (PHOTOS)