Background
Ocean Tomo was retained by the restructuring counsel to J. Crew Group, Inc, to assist with the valuation of specific intellectual property (IP) owned by the Company and its debtor-affiliates as debtors and debtors in possession in Chapter 11 Plan of Reorganization of Chinos Holdings, Inc. and Its Affiliated Debtors.
Engagement
Ocean Tomo completed a brand valuation analysis and estimated the total fair market value of J. Crew and its subsidiary Madewell, Inc. brands on a consolidated going-concern basis and pro forma for the transaction contemplated by the Plan of Reorganization.
Results
Managing Director Gregory Campanella provided Declaration as testimony in lieu of the live direct testimony, according to Rule 702 of the Federal Rules of Evidence, to the UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION on behalf of CHINOS HOLDINGS, INC., et al., Debtors.1, regarding the valuation analysis performed to estimate the total fair market value of the J. Crew and its subsidiary Madewell, Inc. brands in Case No. 20-32181-KLP.