Mickey Drexler Net Worth is$150 Million
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Date of Birth: Aug 17, 1944
Nicknames: Millard S Drexler
Country: United States of America
Mickey Drexler net worth: Millard "Mickey" Drexler is a businessman with a net worth of $150 million. In addition to his net worth, he is best known as the current chairman and CEO of J. Crew Group, and as the former CEO of Gap Inc. His work in the business world isn't just limited to the clothing industry, though. He has also served as a director on the board of directors at Apple Inc. for the last 13 years. Drexler's biggest claim to fame comes from his work on the Gap brand. He is often credited with that label's sudden rise to popularity during the 1990s, having masterminded the brand's successful advertising campaign that among other things made use of the 1960s pop hit by Donovan "Mellow Yellow." However, the Drexler era at Gap came to an abrupt end in the summer of 2002, when Drexler was fired by Gap founder Donald Fisher. The circumstances of Drexler's firing remain unclear, but he was hired by J Crew soon after. With J Crew, the brand has risen from a moderately priced brand to a much more upscale affair, a transition that is again being credited to Mickey Drexler - a man that seems to have a gift for turning struggling brands around.
Millard "Mickey" S. Drexler (b. August 17, 1944) is the current chairman and CEO of J.Crew Group and formerly the CEO of Gap Inc. He has been a director at Apple Inc. since 1999.
He studied at the Bronx High School of Science, City College of New York, and University at Buffalo. He later received a M.B.A. from Boston University Graduate School of Management.
In the mid-1970s, Drexler was a merchandising vice-president at Abraham & Straus in Brooklyn, New York. He has also worked at Ann Taylor, Bloomingdale's, and Macy's.
Drexler is often credited with Gap's meteoric rise during the 1990s. Until then Gap had been a relatively small chain selling private and public brands. Under Drexler the company made a dramatic shift to private brand merchandise and expanded rapidly to become an iconic part of 90s pop culture. Television advertisements featuring young models and catchy music such as "Mellow Yellow" and "Dress Me Up In Your Love" came to epitomize the relaxed American casual look that defined the Gap brand.
On May 22, 2002, however, Drexler was abruptly fired by Gap founder Donald Fisher.
The J.Crew Group, an American clothing and accessories retailer based in New York City, founded in 1983 with the launch of its catalog and expanded into brick-and-mortar retailing in 1989 with its first store at the South Street Seaport in New York City. J. Crew quickly hired Drexler after his abrupt departure from Gap. Drexler has sought in his role of CEO to reposition the J. Crew brand as a truly upscale boutique. What was once a moderately priced, American, dressy-casual brand is quickly becoming an upscale, dressy-vintage American brand with "frills included".

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Mickey Drexler Latest News

Amazon's latest conquest is apparel

Brand loyalty began to crater. Under Armour has been battered by slowing growth in athletic footwear, J.Crew has struggled to reinvent itself after the departure of longtime Chief Executive Officer Mickey Drexler, and Gap's only bright spot lately is its ...
Posted: December 14, 2017, 7:06 pm

Retail upheaval fuelled by rise of private label clothing lines

Brand loyalty began to crater. Under Armour has been battered by slowing growth in athletic footwear, J.Crew Group has struggled to reinvent itself after the departure of longtime Chief Executive Officer Mickey Drexler, and Gap's only bright spot lately is ...
Posted: December 12, 2017, 7:14 am

J.Crew is shutting down one of its most popular stores in a grim sign for the company's future

The clothing company parted ways earlier this year with its longtime CEO Mickey Drexler, as well as its creative director Jenna Lyons. In an interview with The Wall Street Journal, Drexler said the retailer's biggest mistake over the last several years ...
Posted: December 7, 2017, 3:46 pm
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