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Whoa! Jenna Lyons Isn't The Only Bigwig Who Will Depart J. Crew
Here's the latest shakeup for the brand.
The J.Crew we once knew is slipping away. This April saw the exit of Jenna Lyons, the J.Crew designer and street style icon who mixed mis-matched patterns like nobody's business.
Now J.Crew's Mickey Drexler is also stepping down as CEO, as reported by Business of Fashion. Mickey's been with the brand for 14 years, and he and Jenna oversaw a golden age for J.Crew in the late aughts, dressing First Lady Michelle Obama nd bringing the mall brand to New York Fashion Week.
But times have been tough lately for J.Crew as it faces debt issues and competition from fast fashion. Even Mickey admitted in an interview with the Wall Street Journal last month that perhaps J.Crew's issues stem from out-of-touch pricing.
"We gave a perception of being a higher-priced company than we were — in our catalog, online, and in our general presentation," he told WSJ. "Very big mistake."
Mickey's role as CEO is being taken over by James Brett (most recently of West Elm), and Mickey will continue on as J.Crew's Chairman.
Still, what does this mean for the future of J.Crew in light of a shake-up with its most recognizable brass? Mickey was so synonymous with J.Crew, he asked shoppers last year to email him directly at firstname.lastname@example.org with their thoughts and questions. Wonder if that email still works.