mickey drexler daughter

I love to work, and I love the business and I always have unfinished business. [14] On January 18, 2019, Drexler announced his retirement as chairman, but will remain a strategic advisor to the Office of the CEO and the board. We bought it for the stores, and frankly, we didnt sell much. There should have been someone talking to Drexler about mass customization instead of opening up new stores," Peterson said. Crew in 2003. I lived in San Francisco until 2002, when I left Gap. Drexler was hired as chairman and CEO of J.Crew in 2003, following his unexpected departure from Gap. [4] He has a daughter who is in college and a son out of school, working in cloth manufacturing. Hagen-Dazs is great, but it's a big . I feel like its been around forever.. The result is an unusual type of apparel brand, one with the agile energy of a digital startup and the weight of influence from one of the industrys most passionate leaders. Now, at 76 years old, he is diving back into the business .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;}at a time of upheaval, as brands emerge from the Covid-19 crisis and continue to grapple with the shift to e-commerce. Sometimes I have it for dinner. The. Gap had been a modest business selling private and public brands prior to his engagement. As with the leashes, I like local-ish places. Mrs. Levit said she spotted the house online, relating that she had enjoyed a recent visit to the area so much "that I did what I often do, which is scroll through Zillow late night in bed." [1] He was formerly the CEO and chairman of J.Crew Group,[2]as well as the CEO of Gap Inc. [3] Early life and education[edit] Born to Jewish parents in the Bronx, his mother died when he was 16. This is probably his last shot.. Fast-forward to 2019, when Millardbetter known as MickeyDrexler (who happens to be Alexs Dad) was in talks with a few companies looking for his expertise. Millard "Mickey" S. Drexler(born August 17, 1944) is an American businessman and investor, currently CEO of Alex Mill, and head of Drexler Ventures. Today, Alexs title is just founder, though his role includes something like chief marketing officer, focusing on Alex Mills brand identity and community, as well as on special projects like collaborations and other operational elements. After 20 years, he was fired from The Gap following two years of consecutive monthly declinesa year before he joined J. I say, 'Tell me about your high school jobs.'. Their collaboration with New Balance might help, he said. Drexler stayed on as CEO until September 26, 2002, when Paul Pressler was named as his successor. But in 2002, Mr. Drexler was ousted from Gap amid a slump in sales and tension with the companys founders. Single-Family Homes Sell Faster Than CondosAnd at Higher Prices. Mickey first introduced Alex to Sikhounmuong, a talented designer who had recently left J Crew and Madewell after 16 years with the business. Its a double whammy.. George is a local store there, and I really liked its assortment. Its no one., One of the reasons a real successor has been hard to find is because Drexler himself hasnt yet ridden off into the sunset. He peppers conversation with questions such as How much did you pay for that sweater? (too much, it turns out) or Where did you buy that? (from a label that copied Gaps playbook, he notes). Iwould like this jacket to be famous, says Mickey Drexler, pointing to his own attire on a recent spring afternoon over lunch at his usual spot, Sant Ambroeus in New York Citys SoHo. In addition to the architecture, the location and the views, the Levits said they were struck by the attention to detail, down to the homes own stationery emblazoned with its moniker "Ski House.". It kind of balances off my SoulCycle. [9] Television advertisements featuring songs such as "Mellow Yellow" and "Dress You Up in My Love" showcased the relaxed American casual look that defined the Gap brand. He is more shy and cautious in conversation than his father, but with a similar obsession with details, from the placement of buttons to the stencil typography of the logo. We dont need a CEO of J. I actually gave it a lot of thought, because its like plastic surgery your glasses are a part of your face. I just love this show, for the same reason I loved Seinfeld its real, and looks at things were all thinking about. Crew Group, of which Mr. Drexler owns a significant share. In addition to his stint at J.Crew, Mr. Drexler was also CEO of the Gap and served on the board of Apple for 15 years. He attended Bronx High School of Science, graduated from the University of Buffalo, and got his MBA at Boston University, where he met his wife, Peggy, now a psychologist, author, and lecturer. Things you buy through our links may earn usa commission. Crew quality went down, the prices went up and J. The movie producer Harvey Weinstein called asking about a dinner Mr. Drexler was asked to chair. Mr. Drexler called the report silly, adding, Jenna and I are longtime partners and shes as good as it gets being a voice for J. Crew. Ms. Lyons appreciates Mr. Drexler's support of J. Over the past 40 years, Drexler has pivoted several brands with a mixed record, Aryapadi said. Often credited duly with Gap's charismatic and powerful rise during the 1990s, Drexler led the company to a dramatic shift to a private brand merchandise and rapidly grew to become an iconic component of the pop culture of the 90s era. He also has an MBAdegree fromthe Boston University Graduate School of Management. And I love the shape and the wash of our denim jackets, so I have one in every color we make. Drexler first listed the home for $29.95 million in 2016. Crew as CEO in 2003, he had something to prove. Crew and the Gap before co-founding Alex Mill about the eyeglasses, luggage, and ice cream he cant live without. Father, son there are complications but you work it out. It was that the J. Alex Mill is looking beyond its US bordersthis year in small but key ways. U.S. Well send you a myFT Daily Digest email rounding up the latest Style news every morning. The former chairman and chief executive of J. Mickey Drexler is diving back into the clothing business at a time of upheaval. Website: Biographyscoop.com Editors fawned over J. Crews collections. Mickey Drexler, the CEO of J.Crew for 14 years, is stepping down just two months after creative director Jenna Lyons announced her departure. Crew. The closest thing I can think of is Urban Outfitters, and Space24Twenty in Austin, which is a hangout space. Now, he has set his sights on Madewell, which opened its first store in 2006 and plans to add 15 this year, to total 100. The 9,000-square-foot, five-story home which also has a cellar and a roof deck comes with five bedrooms, six full bathrooms and two powder rooms. With the rise of technology, such as smartphones and smart assistants, as well as supply chain advancements such as next day delivery, the entire nature of buying and selling changed dramatically, whereas Drexlers approach did not. Its not good enough. You know, someone said to me last week when I was talking about something, and they asked, What do you have to prove? I wish I could answer that., Mr. Drexler shares an office with three assistants who sit behind low-walled open cubicles across from a large conference table with a telephone, loudspeaker and a MacBook Air where Mr. Drexler works. Mickey Drexler has been married for the last 42 years to Peggy, a psychologist by profession. If theyve gone back to basics, are they the right basics? Drexler announced his retirement as chairman on January 18, 2019, but will continue to serve as a strategic advisor to the Office of the CEO and the board. The next year and a half will be pivotal in determining J. Crews trajectory, Aryapadi said. As J. It grew into a niche business with a Japanese influence that aligned with a growing passion from American shoppers for considered menswear, but beloved by both men and women. I left the Gap, angry, upset, whatever, he said. But thats how we grew all the companies. Thinking the way Bezos does. Photo-Illustration: The Strategist; Photos: Retailers. For all the yabba dabba doo about this, its not that big. A successor of brilliance, as opposed to just a CEO. Drexler, who became CEO of Gap Inc. in 1995, engineered one of the great turnarounds in retail history: He banished non-Gap brands, cranked out acres of big-selling basics, reinvented Banana. Whos Ralph Laurens successor? In 1998, when he was chief executive of Gap. It became a roasting plant for various companies, including the Turkish & Arabian Coffee Company, whose sign remains above the front door. At least not right away. For Alex Drexler, it wasn't always easy growing up with a famous, super successful father. Lyons was promoted from designer to creative director. "Brett has to demonstrate that hes in charge and the direction hes set is sensible. The final sales price is not yet known.. I would never have the audacity to alter Thierry and Mickeys creation, " Mrs. Levit wrote in an email. How they remediate the debt is a big unknown, and I dont think they can fix the business fast enough, he says. However, if things dont go according to plan, there is a good chance that key brands will be spun off.. Having someone with a rsum like Mickey Drexler's onboard isn't the norm for most startups, but Mickey Drexler doesn't generally follow the norm. But Drexler couldnt do it alone, because for all his storied abilities as a retailer and merchandiser, he was not a designer. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. DISCLAIMER: The currency conversion is provided for illustration purposes only. While GSOs acquisition of J. Crews debt has given the retailer a lifeline for now it would be difficult to pay off these bonds by 2019, when they come due, he said. 2023 Vox Media, LLC. The former Gap Inc. and J.Crew Group boss is taking over as chief executive officer of Alex Mill, a clothing brand his son started. Thats the voice, right? he said. However, within three years the American brand saw peaks of glory and sales. 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? Surprisingly, Drexler has made a guest appearance in an episode calledConfessions of the popularAMCdrama,Breaking Bad. Without him Iwouldnt be employed, Its not the vision we have, theres a value component, Mickey says. The company has attempted to extend the nearest maturity date of its debt from 2019 to 2021 and reduce its total debt in a deal that pits its secured lenders against the unsecured deeply subordinated lenders. Their friend Somsack Sikhounmuong was known for designing clothes that were (very) cool and special, which he did for many years as Creative Director of J. He thinks its everyones responsibility. There are few fashion merchants who have better defined affordable American style than Mickey Drexler. Mickey Drexler with Jenna Lyons, president of J. For J. Crew core customer had been rejecting the brand for the last four years.. The approximately 6,600-square-foot home includes three bedrooms, five bathrooms, a two-sided fireplace in the great room, gold-leaf ceilings in the kitchen and an elevator. Topics covered: retail tech, e-commerce, in-store operations, marketing, and more. Topics covered: Retail advertising, social media, analytics, personalization, search, video, and more. This is a mess, he said, admonishing a group of executives waiting for him there. On June 5, 2017, it was reported that Drexler will be stepping down as CEO. Their success will hinge on getting back with a customer who finds their merchandise compelling, he said. Now, Mr. Sikhounmuong said, We are adding them to our resort line for spring 2015., While Mr. Drexler is energized by his progress at Madewell, everyone agrees that he and his team still need to address the problems at J. Crew wasted no time in hiring Drexler after his departure from Gap and he assumed the role ofCEOto reestablish J. Then its going to be a year or two more to see if the customer buys into it., Analysts are also questioning whether Brett is the right person to fill Drexlers shoes. Drexler bought the building for $5.5 million in 2008 and then tapped French architect and interior designer Thierry Despont to renovate and expand it, transforming the 24-foot-wide behemoth into a single-family spread. So he had an idea. Crew design director Somsack Sikhounmuong . Mr. Drexler bought the Madewell name for $125,000 in 2003, he said, agreeing later to lease it to the J. Understandably, Alex Drexler resisted joining the industry over which his father looms large, first considering law school or a career as an FBI agent. The company's creative director, Somsack Sikhounmuong . After serving nearly 37 months, she was released on parole. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Drexler wanted to reinvent the J.Crew brand as a true premium boutique, using Gap-style methods. Drexler was enraged by his dismissal, but it was vindicated when sales increased one month later. Sikhounmuongs vision was heavily influenced by vintage workwear and uniforms, like the sturdy, roomy chore jackets that first appeared in France in the late 19th century and became popular on both sides of the Atlantic in the 1920s. Most recently the property was seeking $8.9 million, though that price didnt include the adjacent lots. He has done other houses with Mr. Despont including a Manhattan townhouse and a Tribeca condominium. $13. This looks bad to customers, he said. Mickey first introduced Alex to Sikhounmuong, a talented designer who had recently left J Crew and Madewell after 16 years with the business. Because they do last forever, unless, my dog gets a hold of them. He formerly served as the CEO and Chairman of J.Crew Group and the CEO of Gap Inc. From 1999 to 2015, he served on the board of directors of Apple Inc. Enjoy reading!! Crew moved away from its core customer and when you do that you get killed.. So in 2012, Alex Drexler launched Alex Mill from a tiny shop on Elizabeth Street,where the shirts soon developed a cult following. Mr. Drexler, now 70, emerged triumphant again turning J. Crews pencil skirts and cashmere cardigans into a uniform for sophisticated urbanites (and, most notably, Michelle Obama). Crew was doomed from the get-go. If James Brett is successful in his turnaround efforts, I foresee a strong resurgence, and perhaps J. If anyone knows how to make a jacket famous, its Mickey. Get more info here . Crew, which was struggling, bent on redeeming himself. I like uniform dressing, and I try to invest mostly in things that will not go out of style. He scowled. But that wasn't enough to keep him from getting fired . It has begun shipping online orders globally and is also embarking on a collaborative exchange with the Paris menswear brand Brut. by transferring them to an unrestricted Cayman Islands subsidiary. Property records showed that Drexler paid $27.5 million for that house in 2007. Mickey was born and raised in the Bronx and grew up without siblings. The J. Sign up for Alex Mill news and receive10% off your first purchase. Its still not clear exactly how many stores J. Even if earnings grow by 20% or 30% over the next few years, theres still too much debt, Raya Sokolyanska, VP and senior analyst at Moodys Investors Service and lead analyst for J. Crew more time to implement a turnaround. [It] speaks to what I think customers are looking for these days, which is that level of ease and simplicity when getting dressed up, he says. At J. Even with help from its lenders, Aryapadi said the deadline to pay off its debt is fast approaching, with no clear path toward solvency. The new CEO has to convince the financial community that he can fix the business,Cohen said. I loved the name, I loved what they were doing, he says, emphasising the importance of branding to growth, citing the success of the household names he launched earlier in his career, such as Old Navy and Madewell. What began as a low-cost, dressy-casual American company evolved into an expensive, dressy-vintage American brand with frills included.. Suzanne Devitt Levit, who purchased the property with her husband Carson Levit, said she likes the interiors. Its the fundamentals of everyones uniform, says Mickey. Morgensterns is like that: I like all of its flavors, but I love cookies and cream. He took an existing brand and took it from zero to what it became. Topics covered: supply chain and logistics, sourcing, real estate, merchandising, and more. Last edited on 27 February 2023, at 04:48, "Outdoor Voices Names Mickey Drexler Chairman of Its Board of Directors", "Millard Drexler Retires as Chairman of J.Crew Group, Inc", "Millard 'Mickey' Drexler Talks Price, Creativity, Career", "Mickey Drexler Has A Crucial Quality That Most Executives Have Lost", "The Apple board member who helped design its retail stores is retiring", "Meet The Guy Who Saved Ann Taylor, Made Gap Cool And Put J. "When friends ask me are you going to change anything (because they know what a design buff I am), I say, Absolutely not! [9], On June 5, 2017, it was announced that Drexler would step aside as chief executive. It became a true lifestyle brand. [4] He studied at the Bronx High School of Science,[5] City College of New York, and University at Buffalo. To say more the brand now is famously wornby the country's First Lady,MichelleObama, whose fashion statement is remarkably commendable. Customers ate up the companys colorful shoes, pencil skirts, patterned fabrics and slim-cut ankle-baring pants (for men and women! Crew faced a perfect storm as it was beginning to go upscale in 2011 and 2012, Manik Aryapadi, principal in the retail practice of A.T. Kearney, a global strategy and management consulting firm, told Retail Dive, explaining that the company was blindsided by three main factors: evolving consumer shopping trends; the lingering effects of the recession; and the rise of athleisure. And I love it more because she has a Madewell bag. Another woman emerged from a dressing room in a pair of $125 skinny skinny high-riser jeans and a red plaid shirt, while a salesclerk cooed appreciatively. cookies We've received your submission. Before television advertisements and campaigns, Gap had been a relatively small chain retailer. At The Gap he created Old Navy, and it was fabulous, and then somehow it started to compete with The Gap. Crew, its multiple missteps may have simply been a question of bad timing, according to analysts. J.Crew boosted prices and expanded during years when consumers got more and more frugal, according to Drexler. In fact, the retailers successful Madewell brand may be the anchor that supports a turnaround, giving the company room to rediscover itself, Aryapadi said. He was born in 1944 in Bronx, New York, United States. Thats not to say Drexler doesnt have experience with turnarounds. [13] Drexler noted that "J.Crew raised prices and underwent expansion during years when consumers became more and more thrifty". Everything about The Gap made you want to be a part of that. Mickey knows what to do with Madewell, said Howard Davidowitz, a retail consultant. The couple has a son Alex Drexler, who is also a businessman and the co-founder of the clothing brand Alex Mill. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 |.css-p9mo6g{font-family:"Whitney SSm A","Whitney SSm B",Helvetica,Arial,sans-serif;font-size:14px;line-height:1.429;font-weight:325;letter-spacing:0%;font-stretch:normal;font-size:12px;line-height:1.5em;color:rgba(255,255,255,1);text-transform:uppercase;margin-block-end:16px;margin:0;}.css-1pyf2k1{display:inline-block;font-family:"Whitney SSm A","Whitney SSm B",Helvetica,Arial,sans-serif;font-size:15px;line-height:1.5em;letter-spacing:0%;font-stretch:normal;color:rgba(255,255,255,1);-webkit-text-decoration:none;text-decoration:none;font-family:"Whitney SSm A","Whitney SSm B",Helvetica,Arial,sans-serif;font-size:14px;line-height:1.429;font-weight:325;letter-spacing:0%;font-stretch:normal;font-size:12px;line-height:1.5em;color:rgba(255,255,255,1);text-transform:uppercase;margin-block-end:16px;margin:0;}@media screen and (prefers-reduced-motion: no-preference){.css-1pyf2k1{transition-property:color,fill;transition-duration:200ms,200ms;transition-timing-function:cubic-bezier(0, 0, .5, 1),cubic-bezier(0, 0, .5, 1);}}@media screen and (prefers-reduced-motion: reduce){.css-1pyf2k1{transition-property:color,fill;transition-duration:0ms;transition-timing-function:cubic-bezier(0, 0, .5, 1),cubic-bezier(0, 0, .5, 1);}}.css-1pyf2k1:hover:not(:disabled){-webkit-text-decoration:underline;text-decoration:underline;}info@mansionglobal.com. Amazon invented retail AI that you buy from them. I bought Aldens suede wingtips for the first time in Paris at a great now-closed store, and Ive been wearing them ever since. Ive been buying these clear frame glasses from Selima for maybe 20 years. This site is protected by reCAPTCHA and the Google, This Do-Everything Body Oil Is 25 Percent Off, 12 Things on Sale Youll Actually Want to Buy: From Shinola to Staub, Photo-Illustration: The Strategist; Photos: Retailers, Mighty Leaf Organic African Nectar Whole Leaf Tea, Morgensterns Cookies and Cream Ice Cream Pint, What Businessman Mickey Drexler Cant Live Without, The Strategist 100: Our Most Stood-Behind Gifts, The 16 Very Best Moisturizers for Mature Skin, Tracking Down the Schlumpy-Chic Artist Costumes in, The Strategist Haul: What the Editors Bought in April, What New Sounds Host John Schaefer Cant Live Without. So in 2012, Alex Drexler launched Alex Mill from a tiny shop on Elizabeth Street. In 2005, after J. While Mrs. Levit said their Sun Valley purchase was not motivated by the pandemic, the area, like many vacation destinations, has benefited from the dramatic shifts in luxury housing demand that have been spurred by the virus, Mr. Jones said. (He was famously fired from Gap and left J Crew on less than rosy terms with its backers, in both cases amid downturns.) Maybe you dont even want khakis., But that way of commanding retail trends from the '70s to the '90s became stale after the turn of the century. Every product is independently selected by (obsessive) editors. To bring you not just any clothes, but the right clothes. Drexlers real estate over the years includes holdings in New York City, the Hamptons he once owned Andy Warhols Montauk compound and is now in Amagansett as well as in Miami Beach. Crew, both in assortment and pricing, and consumer expectations, he said. The one where all the details add up superb craftsmanship, high quality fabric, and just the right cut (we could go on). Kodak Step Wireless Mobile Photo Mini-Printer, Do Not Sell or Share My Personal Information. of J. Crew Group in 2003 was worth about $350 million when investors took the company private in 2011, he said. Drexler said his scene took nine takes to film.[16]. Collaborations are part of Alex Mills strategy to catch the attention of a wider audience. Frank and opinionated, he frequently digresses into detailed stories from his colourful career, with a sharp memory for names and numbers. Drexler remained CEO until September 26, 2002, when he was succeeded by Paul Pressler. [15], Drexler has made a guest appearance in an episode of the AMC drama Breaking Bad called Confessions, in which he plays a car wash customer. (He added that he invested $100 million of that back into the company. [Jeff] Bezos is the greatest merchant of this century so far. His father, who officially took the title as Alex Mills CEO last summer, formalising what was already a growing role in the business, espouses the same mentality. If the company has any hopes of a turnaround, the company needs fresh management and a fresh perspective, Cohen said. I used to know Larry quite well from Marthas Vineyard, and thats him in real life. By April 2017, when Lyons announced her departure (followed shortly by menswear designer Frank Muytjens), pundits such as The New Yorkers Joshua Rothman were almost gleeful in their opinion pieces about why J. However, Drexler was abruptly sacked by Fisher in 2002. All of these issues discounting, changing consumer dynamics, missed fashion moments are the result of top-down decisions, which means the question of what went wrong is both incredibly simple and remarkably intractable. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Biography. The honey flavor really comes through, even though theres no artificial sweetener. . Drexler has also worked atBloomingdale's, andMacy's.In 1983, Gap founder, Donald Fisher, hired Drexler to take care of the portfolio of brands under it. Plus my two yellow labs, Hank and Freddie, insist upon the best style. Crew, told Retail Dive. We dont need a CEO of J. Mickey Drexler, founder of Madewell, in its Fifth Avenue flagship store. Like many retailers in similar positions, J. Indeed, the relationship between J. The runway is not as clear., Mr. Drexler is aware of that. So [Brett] has got a hard slog ahead of him, and hes got six to nine months of goods in the pipeline already, Cohen said. Jenna is confident and cool and human and comfortable with herself and gives him the credibility he needs to be on fire.. . Alex Mill Easy Ruffle Shirt, $115. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. Email: We said, Well, why dont we take the name Alex Mill and make something bigger out of it? says Alex. Born and bred in the Bronx (which Blasberg noted is a low-key fashion nesting ground, with Calvin Klein and Ralph Lauren also born in the borough), Drexler says he developed an "instinct . While once powerful, Drexlers strategy is being replaced by a new way of retailing, one that requires CEOs to leverage technology to bring brands into the modern era. Then its going to be a year or two more to see if the customer buys into it. Yet perhaps Drexlers last big winning gesture will be showing that he finally knows when to walk away. Crew and Madewell. Single-Family Homes Sell Faster Than CondosAnd at Higher Prices, Christies Is Auctioning Seven Works to Benefit Storm King Art Center, You Can Now Rent Emily Blunts Former L.A. Digs for $30,000 a Month, Tommy Lee Says Goodbye to His Calabasas Home Sweet Home, Trophy Home Deals Give Manhattan Its Highest Sales Volume in a Year. Melissa Drexler (born 1978) is an American who delivered a baby in a restroom stall at her high school prom and put the body in the trash, before returning to the dance. I love denim. Mr. Drexler says he has been thinking about Madewell ever since he was ousted from the Gap but knew it would be difficult to go it alone. It was once owned by Andy Warhol, whose guests included Jackie Onassis, Mick Jagger, Elizabeth Taylor and John Lennon. More:U.S. What was once a low-priced, American, dressy-casual brand became more an upscale, dressy-vintage American brand with "frills included". Abbey Berkowitz, who has . Crew. Crew, Millard Drexler, popularly known as Mickey Drexler has since 2002 transformedthe face of the conventional retailerand made it into one of America'smost successful apparel brands. The listing broker for his Tribeca home is Deborah Grubman, of Corcoran. These ones that Im wearing now have some teeth marks. His mother died when he was 16. Fast-forward 20 years, and you have something similar happening with Madewell. For a decade, the pair ruled American fashion with cashmere fists. Its everyone in a room and everyone has to fix it., In December, The New York Post reported that Mr. Drexler told Ms. Lyons she should spend less time on the social circuit (she guest-starred on Girls) and focus on fixing J. Crews business. J. The current leadership change sends a strong signal to creditors that J. The one where all the details add up superb craftsmanship, high quality fabric, and just the right cut (we could go on). Its about the colours and the way they look together, he says, retying the laces of his Alden bluchers. And he needs to do it quickly. One recent morning, he dictated answers to emails shared by his assistant. A day in the life of J.Crew's CEO. The company on Monday officially announced plans to restructure its debt through a debt swap to exchange any and all of the outstanding $566.5 million aggregate principal amount of 7.75%/8.50% senior pay-in-kind notes due in 2019 for an equity stake and bonds that mature in 2021. New Jersey's ruling restricting Tesla from selling cars directly to consumers is illogical, Drexler said, because the dealership . 2023 NYP Holdings, Inc. 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