NEW YORK, June 5, 2017 /PRNewswire/ -- J.Crew Group,
Inc. (the "Company") announced today that it has named James Brett as Chief Executive Officer. Brett,
an executive with more than 25 years of retail experience, most
recently served as President of specialty home furnishing company
West Elm. Brett will assume the CEO position this July and will
also join the Company's Board of Directors. Millard Drexler will continue in his role as
Chairman. Michael J. Nicholson will
remain as President, Chief Operating Officer and Chief Financial
Officer of J.Crew Group, Inc. and Libby
Wadle will remain as President of Madewell.
"This is an exciting time for J.Crew as we continue to make
significant changes to position our company for long-term success,"
said Mr. Drexler. "As Chairman and an owner of the Company, it is
my responsibility to focus on the future of J.Crew and find the
right leadership to execute on our strategic plans."
Drexler continued, "Jim has a proven track record of pushing for
innovation and growing omni-channel brands. I look forward to
moving into my new role and assist Jim and the team in every way
possible to help ensure a smooth and successful transition."
Brett stated, "I'm honored to work with J.Crew's talented team
of leaders, board of directors and Mickey, who have built an iconic
American brand. J.Crew has tremendous opportunity to play a more
meaningful role in our lives, and I look forward to leading it
through its next phase of growth."
Mr. Brett most recently served as President of West Elm, a
member of the Williams-Sonoma, Inc. portfolio, since 2010, where he
oversaw all aspects of the brand. During his tenure, Brett grew
West Elm to become a $1 billion
global brand. Prior to West Elm, Mr. Brett was the Chief
Merchandising Officer for the Urban Outfitters Division of Urban
Outfitters, Inc. He has also served in various merchandising roles
at other retailers including Anthropologie, the J.C. Penney
Company, Inc. and May Department Stores Company.
About J.Crew Group, Inc.
J.Crew Group, Inc. is an internationally recognized omni-channel
retailer of women's, men's and children's apparel, shoes and
accessories. As of June 5, 2017 the
Company operates 278 J.Crew retail stores, 116 Madewell stores,
jcrew.com, jcrewfactory.com, the J.Crew catalog, madewell.com, and
178 factory stores (including 39 J.Crew Mercantile stores). Certain
product, press release and SEC filing information concerning the
Company are available at the Company's
website www.jcrew.com.
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SOURCE J.Crew Group, Inc.