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.
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.