The Biz : J. Crew Sold



Liu Wen and Tom Pecheux in China for the launch of Estee’s Pure Color Collection

In a surprising move, J.Crew has been sold for over 3 Billion, NY Times explains the logic behind the sale and the history of iconic chief exec Millard S. Drexler. | NYT

Black Friday sales go through the roof, but does that mean an upbeat outlook for the holiday season? | The Atlantic

Estee Lauder heads to China with great fanfare, Women’s Wear Daily reports: “The new China campaign was kicked off Nov. 19 in Beijing with a fashion show and party that boiled over into an ecstatic homecoming for Liu Wen. Liu, a native of the Chinese capital, was named Estée Lauder’s first Chinese global brand representative earlier this year. The show and press reaction was described by one onlooking executive as a heady response “not rivaled since the launch of Opium in New York City” in 1978.” | WWD

McQueen takes full control of their McQ line “following the expiration of its licensing pact with Italy’s SINV SpA” | WWD

How exactly will the charges of tax fraud impact D&G’s bottom line? | Luxury Daily

Alexa Chung broadens her horizons with a new show on PBS, will public television viewers embrace fashion’s it-girl? | NYT

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