• J. Crew CEO James Brett Steps Down After 16 Months in Role

    28 days ago - By Fortune

    J. Crew Group Inc. CEO James Brett is stepping down after reaching an agreement with the clothing store chain's board of directors, the company announced.
    His tenure as chief executive was brief. He replaced Mickey Drexler last summer amid declining sales and onerous debt payments. The reason for his exit wasn't disclosed, but the company cited his "passion and experience" that helped the struggling retailer reach more customers.
    Brett's responsibilities will be given to four senior executives: Michael Nicholson, Adam Brotman, Lynda Markoe and Libby Wadle. The company is working on...
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  • J.Crew CEO James Brett steps down after just 17 months

    J.Crew CEO James Brett steps down after just 17 months

    28 days ago - By Business Insider

    J.Crew's CEO James Brett is stepping down from the company.
    Brett, who took up the position in June 2017, had been leading the charge in J.Crew's turnaround efforts after several years of flagging sales.
    Last quarter, J.Crew announced its return to positive same-store sales growth for the first time in four years.
    The CEO of J.Crew is stepping down after just 17 months in the role.
    In a statement to the press on Saturday, CEO James Brett, who joined the company in June 2017, hinted that a clash with the board may be the reason behind his departure.
    "Returning J.Crew to its iconic status...
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