J. Crew Group, Inc. markets several lines of casual men's and women's clothing through distinctive catalogs, a chain of retail stores, and the company web site. Each year the company issues 24 editions of the J. Crew catalog, distributing more than 80 million copies. Its retail stores include 127 units in the United States, 45 of which are factory outlets, and 76 locations in Japan, which are operated under license by ITOCHU Corporation. J. Crew Group was owned by the Cinader family for most of its existence, but in October 1997 investment firm Texas Pacific Group Inc. purchased a majority stake in the firm. By the year 2000, Texas Pacific held an approximate 62 percent stake, a group of J. Crew managers held about ten percent, and Emily Woods, the chairman of J. Crew and founder of the J. Crew brand along with her father, Arthur Cinader, held most of the remainder.
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