Drexler’s Exit Gives J.Crew Chance At True Fresh Start

After more than 15 years at J.Crew, retail legend Mickey Drexler has retired from the beleaguered clothing chain, a departure that gives it a much needed chance to finally reinvent itself. Drexler, who had been CEO from 2003 to 2017 but stayed on as executive chairman, left to concentrate on Drexler Ventures, his fund that invests in and advises emerging brands, J.Crew said in a statement late last week. Current J.Crew director Chad Leat, a former vice chairman of global banking at Citigroup, will succeed him while Drexler will continue to advise J.Crew. Read more at Fortune.