More on the J.Crew Deal

There was lots of follow-up to yesterday's news that J.Crew has agreed to a private equity buyout and it looks like we are not the only ones questioning what the game plan is. The New York Times has focused on Mickey Drexler and his credentials in the retail world.

But a New York Post story offers a more interesting theory. TPG and Leonard Cohen might want to reap the rewards of helping J.Crew expand internationally.

Meanwhile, some industry insiders feel that given J.Crew's solid performance, the buyout offer is too low and might result in a shareholder lawsuit.

We'd love to know what everyone else thinks.