Mickey Drexler has amassed more than $350 million from the leveraged buyout of J. Crew Group Inc. even as he struggles to revive sales and restore the apparel chain’s fashion cachet.
The bonds J. Crew Group Inc. sold last year to finance a dividend for its private-equity owners are indicating diminished odds that the retailer will explore a stock sale anytime soon.
Leonard Green & Partners LP, the private-equity firm that backed Whole Foods Market Inc. and J. Crew Group Inc., has raised more than $6 billion to make its next fund its largest, said two people familiar with the matter.
Janney Montgomery’s Tennant Comments on J. Crew Takeover