Fast Retailing Ends Talks to Buy J.Crew

Japan's Fast Retailing Co., parent of apparel chain Uniqlo, is no longer in talks to buy U.S. clothing retailer J.Crew Group Inc from its private equity owners, three people familiar with the matter said on Tuesday. The talks ended in recent weeks, the people said, adding that an initial public offering for J.Crew is still on the table. It's possible that the talks with Fast Retailing may be revived, one of the people said.