U.S. clothing retailer J. Crew Group files for bankruptcy amid COVID-19 pandemic

A pedestrian walks past a J.Crew store in Manhattan of New York, the United States, May 4, 2020. J. Crew Group, a U.S. apparel retailer which also operates the Madewell brand, has filed for bankruptcy protection, as the COVID-19 fallout continues to ripple through the nation. It has filed to begin Chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Virginia, according to a statement by the company on Monday. The company said its lenders have agreed to convert approximately 1.65 billion U.S. dollars of its debt into equity. (Xinhua/Wang Ying)