J. Crew Files for Bankruptcy
J. Crew Group Inc. ("J. Crew") is seeking to restructure its debt under chapter 11 of the bankruptcy code as the retailer suffers amid flagging sales due to the corona pandemic. The pandemic sales slump only exacerbated J. Crew's woes related to its heavy debt burden. J. Crew filed for bankruptcy on May 4, 2020 in the Eastern District of Virginia, Richmond Division.
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