UNIQLO in Talks to Buy J.Crew
March 04, 2014
Tadashi Yanai, the owner of UNIQLO Co. Ltd., a division of Japan-based Fast Retailing Co. Ltd., is in talks about a potential acquisition of J. Crew Group Inc., according to Bloomberg Businessweek. The deal may be valued at as much as $5 billion, according to the report. J.Crew’s talks with Fast Retailing are at an early stage and other potential bidders have also expressed an interest in the company. TPG Capital and Leonard Green & Partners LP currently own J. Crew Group Inc. Currently in the United States, where it entered in 2005 and had 17 outlets as of November, UNIQLO aims to open between 20 and 30 stores annually to reach 100 in the next few years.