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J.Crew CEO Exits After Clash With Mickey Drexler, Company Owners
J.Crew Group Inc. CEO James Brett is leaving after about 16 months on the job, following disagreements with the company’s longtime leader, Millard “Mickey” Drexler, about strategy and board concerns about his spending plans, according to people familiar with the matter. Despite recent improvements in J.Crew’s sales, Mr. Drexler didn’t agree with Mr. Brett’s decisions to sell some apparel on Amazon.com Inc. and expand the assortment, two of the people said. They said Mr. Drexler felt such moves were cheapening the brand, which…