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Fast Retailing Interested in J.Crew

Talks are reportedly “in the early stages”

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Fast Retailing Co. Ltd. (Yamaguchi, Japan) is rumored to be in discussions to acquire The J.Crew Group (New York).

Crew had announced last week that it was considering several options, including going public, after three years of ownership by TPG Capital (Fort Worth, Texas) and Leonard Green & Partners (Los Angeles), which bought the retailer for $2.64 billion.

The Wall Street Journal reported that “talks between Fast Retailing and J.Crew’s owners are in early stages and could still fall apart.”

TPG and Leonard Green are likely to seek a deal that values their company at more than $4.5 billion.

Fast Retailing is best known for its globally expanding Uniqlo retail division, but it also owns several other brands, including the French label Comptoir des Cotonniers and the high-fashion Helmut Lang.

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