The owner of J.Crew is filing for Chapter 11 bankruptcy, two months after the first person in New York tested positive for COVID-19.
The city, where J.Crew Group Inc. is based, went into lockdown soon after, followed by much the country. Retail stores in New York City and across the country shut their doors.
More bankruptcies across the retail sector are expected in coming weeks.>>> Read more here
Source: 6 abc