J. Crew Sells Itself For $3B

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.

It’s Official: J. Crew to Sell Itself for $3 Billion [DealBook]