Chief Executive J. Crew James Brett Steps Down After 16 months in post


J. Crew Group Inc. Chief Executive James Brett declined after approval by a board of cloth store managers, named by his & her; company.

He had his role as head of a hare. He replaced Mickey Drexler last summer in sales and generous debt. The reason for abandonment was not issued, but its company identified the "enthusiasm and knowledge" that the retailers who helped strive to reach more customers.

Brett's responsibilities will be taken to four chief executives: Michael Nicholson, Adam Brotman, Lynda Markoe and Libby Wadle. A company is working on establishing a "permanent management structure."

Brett came to J. Crew from the home furnishings of Williams-Sonoma Inc. West Elm. At that time, his company had a & # 39; Debt protection is protected by purchase by 2011 by TPG and Leonard Green & Partners LP.

He recently looked at efforts to revitalize his well-known logo to focus on diversity by offering greater choices and entry level prices. Madewell's successful company with Madewell, a logo designed to appeal to a millennium women by going to the # 39; including more of a tomboy style.

Under Brett, the retail sales market was positively equivalent to two direct houses after years of decline, and thanks to Madewell largely. He also collaborated with Amazon to offer his clothes on the Amazon Fashion platform, and expanded by doing it. sold through Nordstrom.

"Everything I know, when I started a bit back for a year, I think we had our trading debts at nearly 70 cents on the dollar, said Brett in a September interview with Bloomberg. "And now I think it's selling at almost a dollar on the dollar. So I think the people who keep our debt is very happy. "

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