Tuesday, July 3, 2012
J Brand hires bank to explore sale, IPO
Women's apparel maker J Brand has hired Morgan Stanley to help it explore strategic options, including a sale or an initial public offering, according to two sources familiar with the matter. Photo: J BrandThe Los Angeles-based privately held company, known for its luxury denim jeans, which can cost upward of $170, has sent out pitch books over the last two to three weeks and first rounds bids are due soon, one of the sources said. Morgan Stanley declined to comment. J Brand was not immediately
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