Business > Briefing

J. Crew CEO James Brett Steps Down After 16 Months in Role

23 days ago   |   By Fortune

J. Crew Group Inc. CEO James Brett is stepping down after reaching an agreement with the clothing store chain's board of directors, the company announced.
His tenure as chief executive was brief. He replaced Mickey Drexler last summer amid declining sales and onerous debt payments. The reason for his exit wasn't disclosed, but the company cited his "passion and experience" that helped the struggling retailer reach more customers.
Brett's responsibilities will be given to four senior executives: Michael Nicholson, Adam Brotman, Lynda Markoe and Libby Wadle. The company is working on...
Read more ...

 

J. Crew CEO steps down despite signs of a turnaround at the clothing chain

23 days ago   |   By Los Angeles Times

J. Crew Group Inc. CEO James Brett is stepping down after reaching an agreement with the clothing store chain's board of directors, the company announced. His tenure as chief executive was brief. He replaced Mickey Drexler last summer amid declining sales and onerous debt payments. The reason for...
Read more ...

 

J.Crew CEO James Brett steps down after just 17 months

J.Crew CEO James Brett steps down after just 17 months

24 days ago   |   By Business Insider

J.Crew's CEO James Brett is stepping down from the company.
Brett, who took up the position in June 2017, had been leading the charge in J.Crew's turnaround efforts after several years of flagging sales.
Last quarter, J.Crew announced its return to positive same-store sales growth last quarter for the first time in four years.
The CEO of J.Crew is stepping down after just 17 months in the role.
In a statement to the press on Saturday, CEO James Brett, who joined the company in June 2017, hinted that a clash with the board may be the reason behind his departure.
"Returning J.Crew to its...
Read more ...

 


Search by Tags

   Briefing      Bloomberg      J. Crew  


Jamal Khashoggi and other murdered or oppressed journalists named TIME...

Jamal Khashoggi and other murdered or oppressed journalists named TIME magazine's 2018 Person of the Year

TIME Magazine revealed Jamal Khashoggi and other murdered and oppressed journalists as its 2018 Person of the Year. The title is given to a person or group of people who "most... Read more ...

Meghan Markle cradled her growing baby bump in a surprise appearance at the...

Meghan Markle cradled her growing baby bump in a surprise appearance at the British Fashion Awards in London

The Duchess of Sussex made a surprise appearance at the 2018 British Fashion Awards. She presented the British Womenswear Designer of the Year award to Clare Waight Keller of... Read more ...

Arrested Huawei CFO offers to pay for her own 24-hour surveillance and wear...

Arrested Huawei CFO offers to pay for her own 24-hour surveillance and wear a tracking device if she's granted bail

Huawei executive Meng Wanzhou appeared Monday in a Canadian court to argue that she should be released on bail while she waits to hear whether she'll be extradited to the... Read more ...

Verizon will write down $4.6 billion in value of Oath, the unit that...

Verizon will write down $4.6 billion in value of Oath, the unit that combined AOL and Yahoo assets

Verizon will write down the value of Oath in the fourth quarter 2018 by $4.6 billion. The writedown is the result of competitive pressures in the digital ad business. The... Read more ...

China is reportedly close to cutting their tariffs on US cars, a big trade...

China is reportedly close to cutting their tariffs on US cars, a big trade war concession to Trump

China is set to consider cutting its tariffs on US cars and trucks, according to a new report. Doing so would lower the tariffs on US autos to 15% from the 40% level set in... Read more ...

The pound sinks to its lowest level in 18 months after Theresa May delays...

The pound sinks to its lowest level in 18 months after Theresa May delays key Brexit vote

The British pound plunged to its lowest level in 18 months after Prime Minister Theresa May delayed a key Brexit vote. Sterling fell 1% after May opted to push back the debate... Read more ...

Alleged Russian agent Maria Butina reportedly pleads guilty to one charge of...

Alleged Russian agent Maria Butina reportedly pleads guilty to one charge of conspiring to act as a foreign agent

Alleged Russian agent Maria Butina has reportedly pleaded guilty to one charge of conspiring to act as a foreign agent without registering with the Justice Department. Butina... Read more ...

California church: Nuns embezzled from school to cover Vegas trips

California church: Nuns embezzled from school to cover Vegas trips

Church officials say a pair of nuns embezzled a "substantial" amount of money from the Southern California Catholic school where they worked for decades and used it to pay for... Read more ...

Prime Minister Theresa May Postpones Brexit Vote: Reports

Prime Minister Theresa May Postpones Brexit Vote: Reports

May's government does not have a majority in the House of Commons, and opposition parties say they will not back the deal that May and EU leaders agreed last month. Read more ...

Theresa May delays Brexit deal vote to avoid huge defeat in Parliament

Theresa May delays Brexit deal vote to avoid huge defeat in Parliament

Theresa May has delayed the Brexit vote scheduled for Tuesday amid fears she would lose by a significant margin. Over 100 Conservative MPs have already voiced their opposition... Read more ...