J.Crew
PE-Owned1 Documented ImpactFashion retailer taken private by TPG Capital and Leonard Green & Partners in 2011 for $3B. Filed for bankruptcy in 2020 after $1.7B debt burden. PE owners extracted $765M in fees and dividends
Ownership Information
J.Crew is owned by TPG Capital. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
J.Crew founded
J.Crew filed for bankruptcy under TPG/Leonard Green debt burden
TPG and Leonard Green's 2011 leveraged buyout loaded J.Crew with $1.7B in debt. Unable to invest in the brand or adapt to e-commerce, the company filed for bankruptcy in 2020.
Before vs. After PE Acquisition
Debt from LBO
Reported 2020
Before PE
$0
After PE
$1.7B
Tracked Locations
CA (1)
San Diego
38 Main St
San Diego, CA 92101
555-847-9255
FL (1)
Miami
9288 Main St
Miami, FL 33101
555-703-6112
IN (1)
Indianapolis
4406 Main St
Indianapolis, IN 46201
555-446-3761
MN (1)
Minneapolis
121 Main St
Minneapolis, MN 55401
555-397-1185
OH (1)
Cleveland
1061 Main St
Cleveland, OH 44101
555-888-5042
PA (1)
Pittsburgh
7239 Main St
Pittsburgh, PA 15201
555-701-7044
TN (1)
Nashville
1260 Main St
Nashville, TN 37201
555-339-9635
TX (1)
Austin
2652 Main St
Austin, TX 73301
555-916-8629