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As of August 9th, J. Crew has re-opened 458 stores, representing approximately 95 percent of its total store fleet.
The company has also added approximately 400 positions at its Lynchburg, VA distribution center.
The retailer’s lenders will also provide $400 million in financing to see it through the bankruptcy process, during which it plans to keep operating.
Singer most recently served as CEO of Victoria’s Secret Lingerie.
Madewell is the crown-jewel of parent company J.Crew, which has continued to struggle with declining sales.