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J. Crew to make Asia debut in 2013


Hong Kong -- A Tuesday report by Bloomberg said that J. Crew will open its first Asia store – in Hong Kong – as early as 2013. CEO Millard “Mickey” Drexler told the news service that the retailer is also seeking sites in Beijing and Shanghai.

“We feel that we’re ready to go international,” said Drexler. “Going international is a strong learning curve and it could distract us from building our business in the United States, but we feel that the time is right now.”

Drexler also said that the company will open a store in London next year, ahead of Hong Kong, according to the report. It presently doesn’t have any stores outside the United States and Canada.

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