​Is J.Crew looking to spin off or sell Madewell?

London - Things have not been going particularly well for U.S fashion company J. Crew Group Inc lately. It's core brand J.Crew continues to struggle with declining sales and debut burden, and earlier this month it folded its once highly successful and affordable bridalwear business. However, on the other hand its Madewell brand continues to thrive, leading to speculation that the Group is set to separate it from the company.