(ANSA) - NEW YORK, MAY 4 - J Crew, the 'preppy' fashion house made famous by Michelle Obama, goes bankrupt: she is the first victim, in the American retail sector, to throw in the towel because of the coronavirus .J Crew entered into an agreement with his creditors to restructure the debt and secured a $ 400 million credit line.
"While we await to reopen our stores as quickly and safely as possible, this broader financial restructuring should allow our businesses and our brands to thrive for the next few years," says Jan Singer, J Crew CEO. (HANDLE).
Coronavirus, bankruptcy fashion house J Crew
2020-05-04T16:02:56.939Z
J Crew, the 'preppy' fashion house made famous by Michelle Obama, goes bankrupt: she is the first victim, in the American retail sector, to throw in the towel because of the coronavirus. (HANDLE)