J.Crew Considers Madewell IPO, Names Interim CEO

J.Crew is exploring a potential IPO for its Madewell business, which offers women’s apparel, footwear and accessories. The IPO could take place as early as the second half of 2019. Additionally, the retailer named current President and COO Michael Nicholson as its interim CEO. Nicholson replaces an “Office of the CEO” made up of four executives, which was instituted when James Brett stepped down from the CEO position in November 2018.

“We believe a potential IPO of Madewell, which had another record year of performance in 2018, could unlock significant value and generate meaningful…