J. Crew has sold itself to a buyout firm for $3 billion. Hurrah, the country’s long-term strategic reserves of polo shirts are preserved. Perhaps the new owners can get cracking on fixing the store’s notoriously horrendous website, ordering system, and call center. [More]
The venture was originally announced Oct. 9. Miller Brewing Co. and Molson Coors Inc. proposed the deal as a way to sell more Coors Light, Miller Lite and Miller Genuine Draft in the United States. The operation would target No. 1 Anheuser-Busch Cos. (NYSE:BUD) , which has nearly 50 percent of the market with products such as Budweiser, Michelob and Bud Light.