GO
Loading...

Enter multiple symbols separated by commas

Reports: J Crew may go public

JCREW BUYOUT
Jin Lee | Bloomberg | Getty Images

J. Crew could go public this year with a $5 billion valuation target, according to Bloomberg.

The retailer, which was bought out for $2.64 billion by TPG Capital and Leonard Green & Partners LP three years ago, has 451 stores and about $2.4 billion in annual sales.

J.Crew has been expanding abroad, and it's estimated that its revenue increased 9 percent to $2.43 billion in the year through Feb.1, Bloomberg said. The report also says the company is seeking a $1.57 billion loan to refinance debt.

To read full story click here

By CNBC.com