UPDATE 1-J. Crew files for bankruptcy as preppy retailer succumbs to COVID-19 fallout
May 04, 2020 at 05:06 AM EDT
J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick-and-mortar retailers pushed to the brink by widespread store closures in response to the COVID-19 pandemic.