Business Analysis of J. Crew Inc. Essay
Throughout the 1980’s, revenue from J. Crew’s catalog increased, along with the catalog industry in its entirety. J.Crew continued to improve its presentation and increased the number of consumers receiving the catalog. The company’s growth was emerging 25 to 30 percent a year. J. Crew’s annual sales increased from $3 million to more than $100 million in over five years. With J. Crew’s success with their first catalog operation in 1985, the company releases its second catalog (http://www.fundinguniverse.com/company-histories/j-crew-group-inc-history/). As a result, J. Crew will be the new retail powerhouse.
Soon after J. Crew became the million dollar company, many sought to buy out the company because of all the success the company brought to the industry. The journey of J. Crew’s growth as a retail powerhouse was very inspiring. Surprisingly, shareholders nearly rejected a private buyout of the company by TPG Capitol and Leonard Green & Partners, who was worth $2.86 billion, because they were displeased with the CEO Mickey Drexler. They believed they