J. Crew Said to Hold Sale Talks With Fast Retailing

J. Crew Group Inc., the retailer owned by TPG Capital and Leonard Green & Partners LP, is in talks about a potential sale to Uniqlo owner Fast Retailing Co., two people with knowledge of the matter said.

The talks are at an early stage and other potential bidders have also expressed an interest in the company, one of the people said, asking not to be identified discussing confidential information. Buyout fund Advent International Corp. is also interested in J. Crew, two other people said. The retailer is weighing an initial public offering later this year, people familiar with the situation said earlier this week.