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J Crew, Fast Retailing no longer in talks: Report

Jin Lee | Bloomberg | Getty Images

Talks have reportedly broken down between specialty apparel retailer J. Crew and Uniqlo parent Fast Retailing, according to a report by Dow Jones that cited sources.

The news follows a report by the Wall Street Journal last month reported that J. Crew was in talks with the Japan-based retailer, in what was said to be a $5 billion deal.

Despite the breakdown, Dow Jones reported discussions between the two companies could still be rekindled.

(Read more: J Crew in talks to be sold to Fast Retailing: Report)

The apparel chain was taken private by TPG Capital and Leonard Green & Partners in 2011.

J. Crew, TPG and Fast Retailing declined to comment on the report.

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