Embattled apparel retailer J.Crew said Friday it couldn’t reach a deal with its bondholders regarding a restructuring of some of its debt.

“No agreement has been reached among the parties,” the company said in a regulatory filing. “There are not further discussions scheduled at this time.”

At the same time, the company is under fire from its creditors over a controversial planned transfer of its trademarks — worth $250 million — to an offshore subsidiary out of its creditors’ reach.

The lenders have sued, asking a New York court to force the company to return the assets.

“This type of jockeying is what happens all the time pre-bankrutpcy,” said Richard Baum, managing partner of Consumer Growth Partners.

J.Crew, which is owned by private equity investors TPG Capital and Leonard Green & Partners, has been on a bankruptcy watch list for some time.