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J. Crew Officially Sold

| Filed under: Fashion SmashionBusiness BlitzJ Crew

j-crew-acquired-by-tpg-capital-and-leonard-green-and-partners.jpg

TPG Capital and Leonard Green & Partners are the proud new owners of J. Crew!

Back in November the retailer announced the two private equity firms were set to acquire the company for $3 billion on the condition they didn't receive any better offers during the go-shop period.

Since no one made them a better offer, the purchase is practically a done deal.

[Image via AP Images.]

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