J. Crew-Fast Retailing Co. merger talks cease

New York – Merger talks between J. Crew and Japanese retailer Fast Retailing Co. have reportedly ended, at least for the time being. According to the Wall Street Journal, Fast Retailing, owner of the Uniqlo chain, left the discussions not long after they were made public by the media in late February 2014.

J. Crew’s owners were reportedly seeking as much as $5 billion in a merger deal, and may continue looking for other potential buyers. In addition, Goldman, Sachs & Co. is reportedly in the early stages of preparing an IPO for J. Crew.

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