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J.Crew Is the 1st Retailer to File for Bankruptcy During the COVID-19 Pandemic

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Prepster paradise J.Crew officially filed for Chapter 11 bankruptcy protection under U.S. Bankruptcy Code, according to an announcement made by the J.Crew Group on Monday, May 4.

But J.Crew and sister brand, Madewell, are still in business and intends on making it out of this rough patch. How Your Favorite Fashion Brands Are Fighting COVID-19 — From Generous Donations to Gifting Apparel to Medical Professionals J.Crew is the first company to file for bankruptcy during the COVID-19 pandemic and experts predict that there are going to be more where that came from.The purpose of filing for Chapter 11 protection is so that parent company J.Crew Group can reorganize its debts and ultimately get a fresh financial start.

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