Mickey Drexler

Those stories and more in our daily news roundup.

• Steven Kolb is officially off the market. The CFDA CEO married producer Jay Inkpen at New York's City Hall on Thursday. [Page Six]
  

• Going over the fiscal cliff could have an impact on what designers show during Fashion Week. [Fashionista]
  

• A New York court on Thursday issued a final order confirming that Christian Louboutin's lawsuit against Yves Saint Laurent is over. [WWD]
  

• Prices for Target and Neiman Marcus's holiday collaboration with the CFDA have been cut to 50 percent off. [HuffPost Style]
  

• J.Crew CEO Mickey Drexler responded to a New York Times opinion piece calling the retailer's holiday shopping "mundane and problematic." [Styleite]

Source: Instagram User StevenKolb

Those stories and more in our daily news roundup.

• Mickey Drexler's work at J.Crew will be the focus of a CNBC documentary called J.Crew and the Man Who Dressed America. Set to air this Thursday, May 24 at 10 p.m., the program will explore what's made the retailer such a success. Watch a preview of the program below. [CNBC]
  

• JC Penney has leased office space in a building at Lafayette and Broome streets in New York City's trendy NoLIta neighborhood. The move is reportedly part of an attempt to "attract a hip workforce." [New York Post]
  

• Julia Restoin Roitfeld took to Twitter for a little mothering advice. "Mother 911, any suggestions on hot wrap dresses for easy breastfeeding?" she asked. Wrap dresses from Diane von Furstenberg were a popular response among Restoin Roitfeld's followers. [The Cut]
  

• The custom Prada dress Carey Mulligan wore to the Met Gala sold on eBay for $2,950. Proceeds from the sale will be donated to Oxfam America. [Fashion Etc.]

Photo: J.Crew's Fall 2012 women's presentation during New York Fashion Week.

>> Jenna Lyons says she's going through a "confusing" time in her life — but her colleagues at J.Crew are making her transition a little easier.

In a recent interview with The Guardian, Lyons says she's been able to get through leaving her husband, artist Vincent Mazeau, and selling their home in Brooklyn largely because of the support of her friends and co-workers. Her boss Mickey Drexler's in-office announcement system — which she calls "hilarious" — is probably pretty divertive, too. Read on for more from the interview.

On Drexler's announcements: "When he was installing the system, I was like: are you kidding me with this?" she says. "He even checks in from holiday — he's like: 'Hey, I'm in St.-Tropez; it's gorgeous here! Anyway, I'm having lunch at Club 55 and you should see all these people wearing white! We should do more white; it's Summer, do we have enough white?' It's hilarious — I love it."

On her divorce: "I'm adjusting," she says. "It has been hard, you know?" she continues gingerly, "but I will say, through everything, I realize how incredibly fortunate I am. Everyone has been so supportive and understanding; my friends and colleagues have all been amazing. It's certainly been one of the more confusing times of my life, but I'm getting through it."

On curating J.Crew's stores: "I don't want to put a load of pictures of J.Crew models up; people can look at the catalogue for that," she reasons. "You know where you are, hopefully: there's a label on everything. We don't need to tell you about ourselves over and over again; we'd rather share how we feel about art, a movie poster or an installation. It's about trying to make customers feel like they're getting more."

Photo: Jenna Lyons at J.Crew's Fall 2012 presentation.

>> J.Crew is going private. Private equity firms Leonard Green & Partners and TPG Capital — a former owner of the retailer — bought outstanding shares today for $43.50 apiece — a nearly 16 percent premium to J. Crew’s Monday closing price — tallying to an approximately $3 billion deal overall.

J.Crew, the retailer's chairman and CEO Mickey Drexler, and the firms have been in talks for several weeks, and Drexler is expected to continue in his roles. As of Sept. 17, Drexler remained one of the company's biggest shareholders, with a roughly 5.4 percent stake.

“I am pleased to announce this agreement as it delivers significant value to our shareholders,” Mr. Drexler said in a statement. ” As I have always said, we are in this for the long term and we do what we do day in and day out so we can deliver the best possible products to our customers.”

J. Crew is holding a go-shop period through Jan. 15, to give prospective rival bidders the chance to evaluate the company’s holiday sales performance. We've heard from a source inside the company that women's sales have been stagnant as of late, and Fashionista has heard the same — although apparently men's sales have continued to rise for the retailer.