Acquisition Negotiations Between XXX Group And J.Crew Have Been Terminated

< p > according to foreign media reports, people familiar with the matter said, "a href=" http://www.91se91.com/news/index_c.asp "> dress > /a > chain J. Crew Group Inc. and Japan's fast selling merger negotiations have been terminated.

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< p > people familiar with the matter said that many media outlets reported the merger negotiations at the end of February, but soon after that, they quickly withdrew from negotiations with J. Crew management and J. Crew's private equity controlling shareholders.

Fast Retailing is the operator of clothing chain UNIQLO.

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< p > people familiar with the matter said that < a href= "http://www.91se91.com/news/index_c.asp" > negotiation < /a > may only be suspended for some time, and the two sides may resume negotiations in the future.

Other bidders may also emerge.

At the same time, the termination of negotiations has made it possible for owners of J. Crew to try to lead the company to the public market.

People familiar with the matter have previously said that the owner of J. Crew was asking $5 billion in the negotiations with the fast sale.

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< p > the end of last month, < a href= "http://www.91se91.com/news/index_c.asp" > J. Crew < /a > and faster sales accelerated the negotiation process. At that time, the owner of J. Crew, Tak Tai Investment and Leonard Green & Crew, began preparing for the end of the year.

Goldman Sachs is responsible for the early work of J. Crew potential IPO.

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< p > American high street brand J. crew Group Inc. releases the four quarter and annual results.

In the 2013 fiscal year ending February 1, 2014, revenue grew by 6.7% to $686 million, while sales in the same store increased by 4%, while direct channel sales increased by 9.5% to 238 million US dollars.

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< p > J. crew Group Inc. revenue increased by 9% to 2 billion 428 million US dollars in the 2013 fiscal year ending February 1, 2014. The same store sales grew 4% in the same year, and the annual sales of direct sales channels increased 16% to 756 million US dollars.

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< p > because the report is an unaudited report, J. crew Group Inc. hopes to redeem the unsecured bond of 8.125% interest rate with the report, so it only gives a general expectation for disclosing the specific profit data.

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< p > J. crew Group Inc. expects net profit in the fourth quarter to be US $5 million to US $6 million, with net profit of US $88 million to US $89 million for the whole year. It is expected that the adjusted EBITDA will be between 74 million US dollars and 76 million US dollars in the four quarter, and it is expected that EBITDA will be between 369 million US dollars and 371 million dollars after the adjustment in the 2013 fiscal year.

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< p > J. crew has said that in May this year, it will open a women's wear flagship store and a men's wear shop in the International Finance Centre (IFC) Hongkong financial centre and the on Lan street Annan street in central respectively. The two shops are 3200 square feet (about 300 square meters) and 2100 square feet (about 200 square meters) respectively.

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The international expansion of < p > J. crew is regarded as a precursor to the re IPO. In November 2013, the flagship store of Regent Street in London, J. crew, officially opened its door to welcome guests. This is J. crew's first British and European store, but J.Crew Group Inc. chief executive officer "Hou" said that under the current circumstances, it will not expand rapidly, because the market is changing rapidly.

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