Mrs. Obama surprised J. Crew when she wore one of its outfits on her Oct. 27 appearance on “The Tonight Show With Jay Leno.” Dressed in a $148 pencil skirt, a $148 yellow and brown tank top and a $118 yellow cardigan, she seemed to be promoting both fiscal prudence and the overlooked appeal of mustard-colored clothing.
J.Crew, the haute prep retailer in the midst of a menswear renaissance makes dozens of styles of dress shirts. Its most popular: the Thomas Mason fabric point-collar dress shirt in white, which accounts for a fifth of its top-of-the-line shirt sales. Thomas Mason fabrics, inspired by the collections inside the historical archives, they went down in the continuous lines Silverline and Goldline besides the seasonal collections, still represent the benchmark for lovers of the British taste..
Drexler waited more than a month after a Sept. 1 dinner with TPG co-founder and J. Crew director James Coulter before notifying the full board about Coulter’s takeover proposal, according to the filing. He later told a committee of independent directors charged with handling the negotiations that he has a “high comfort level” with TPG and had “significant reservations about the prospect of working for a new boss,” according to the filing.
On March 7, 2011, J. Crew Group, Inc. was acquired by affiliates of TPG Capital, L.P. (“TPG”) and Leonard Green & Partners, L.P. (“LGP” and together with TPG, the “Sponsors”) in a transaction, hereinafter referred to as the “Acquisition,” valued at approximately $3.1 billion, including the assumption of $1.6 billion of debt and the incurrence of approximately $155 million of transaction costs. As a result of the Acquisition, our stock is no longer publicly traded. Currently, the issued and outstanding shares of J. Crew Group, Inc. are indirectly owned by affiliates of the Sponsors, certain co-investors and members of management.
“You can walk the floor with Mickey Drexler and he knows every piece of clothing,” an immaculately bobbed Anna Wintour tells CNBC anchor David Faber. “You see lots of CEOs who are brilliant at what they do, but they’re removed, and there’s nothing removed about Mickey.”
Leading J.Crew is CEO Millard “Mickey” Drexler, known for his intuitive sense of what the public craves and his ability to lift troubled companies to new heights. Since taking over J.Crew in 2003, Drexler has successfully introduced designer quality clothing for the masses — driving the company’s revenues up 170 percent.
In early 2003, Texas Pacific Group (TPG), a large J Crew shareholder since 1997, hired Mickey Drexler to replace then-CEO Ken Pilot and Chairwoman/Founder Emily Woods. One of retailing's great brands, J Crew had poorly managed its merchandise selection and inventory, lacked focus on customer service, and failed to stand out among other retailers. Hoping to salvage its investment, TPG hired Drexler to revitalize the company.
J. Crew has recently transformed its catalog from a document that depicted smiling WASPS in conventional settings to an instrument for spreading a design vision that has become almost hermetically singular. The catalog is now instantly identifiable, distant from the capricious districts of high fashion, but equally unlike the dowdy publications circulated by other direct-mail catalog merchandizers. DeBord argues that it has become difficult to distinguish the clothes from the art direction, and contends that J. Crew's clothing is disappointing and unremarkable without its distinctive context; but it will not deconstruct - it is perfectly alluring.
The company was founded in 1983 with the launch of the J. Crew catalog, and expanded into a physical space in 1989.
Fox News recently went after President and Creative Director Jenna Lyons after she shared a photograph of herself painting her son's toenails pink, citing experts who called the picture "blatant propaganda celebrating transgendered children."