Japanese Company May Soon Own J.Crew

Photo: Ilya S. Savenok/Getty Images

The rumors of  J. Crew’s IPO that have been swirling since 2013 appear to be closer to becoming reality. In recent days reports have surfaced that the company is speaking to banks in preparation to go public in 2014. Now the Wall Street Journal reports that the company is in the early stages of making a deal with Japan’s Fast Retailing, the company that owns Uniqlo, J Brand, and Comptoir des Cotonniers, among other successful world brands. A smart move if J.Crew seeks to enable the entire free world to boldly mix patterns and sequins. With 451 stores and $2.4 billion in sales a year, J.Crew is expected to fetch about $5 billion once it goes public and Jenna Lyons should expect to get a whopper of a raise.