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Bankruptcy / Closurehigh2020
J.Crew
Retail & Consumer · owned by TPG Capital

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.

Debt from LBO
Before
$0
After
$1.7B
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J.Crew filed for bankruptcy under TPG/Leonard Green debt burden | DeathByPE