FUTURE OF J. CREW STORES IN JEOPARDY?
Crain’s (and everyone else) reports that J. Crew has filed for bankruptcy protection. “The retail chain reached a deal with a majority of its lenders to convert $1.65 billion of debt into equity…allowing J. Crew to stay in business while cutting its borrowings. Normally that would include keeping the doors open for its J. Crew and Madewell stores, but sales at those outlets vanished when the coronavirus forced shoppers to stay home and nonessential businesses to shut.” So hard to say what will come of our stores on Hudson and at Brookfield…

PRIVATE SOCIAL CLUBS CARRY ON
The Real Deal reports that private clubs including Soho House are still collecting dues from members, even though they are closed. Soho House is offering only in-house credits for the months the club is inaccessible as it tries to keep cash flowing.

NO SHOCKER ON DEAN & DELUCA
Dean & DeLuca filed for bankruptcy at the beginning of April with hopes of revitalizing the stores it shuttered earlier this year. “The company listed liabilities of as much as $500 million and assets of no more than $50 million in its bankruptcy petition. The chain owes low-ranking creditors about $275 million, including $250 million to its owner.” –Crain’s

REKINDLING THINGS WITH THE EX IN ISOLATION
This is old, but still entertaining: The Cut reprints a few days-in-the-life with a Tribeca mom whose ex-husband lives nearby and steps up during quarantine: “My ex-husband has been here most of the day. It’s really nice. He’s been so present. We open a bottle of wine as we clean up dinner. For a brief moment, I wonder if we should give it another shot, but then I tell myself, ‘No way.'”