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May 2020 Chapter 11: May 4, 2020 the parent company of J.Crew Group, Inc., Chinos Holdings, Inc. and certain affiliates, have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern District of Virginia. The Company has secured commitments for a debtor-in-possession ("DIP") financing facility.  J.Crew Group, Inc. ("J.Crew Group" or the "Company") today announced it has reached an agreement with its lenders holding approximately 71% of its Term Loan and approximately 78% of its IPCo Notes, as well as with its financial sponsors, under which the Company will restructure its debt and deleverage its balance sheet, with the goal of positioning J.Crew and Madewell for long-term success.  Read more about the J.Crew Chapter 11 on the Fashion Blog.

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