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 due to the coronavirus.J Crew has reached an agreement with the her creditors to restructure her debt and secured a $ 400 million credit line.
"While we wait to reopen our stores as quickly and safely as possible, this extensive financial restructuring should allow our businesses and brands to thrive for the next few years," says Jan Singer, J Crew's CEO.
J Crew fashion house bankrupt
2020-05-04T16:23:34.134Z
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)