J. Jill to close one Jacksonville store - Minneapolis / St. Paul Business Journal:

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Nine of the 75 stores to be closedc arein Florida, including the one in The Avenues mall. A secone Jacksonville J. Jill location at the St. John s Town Center will remain In a statement announcing the Talbots President and CEO Trudy Sullivan saidit “enablesa us to focus our time, resources and attention exclusivelyt on rejuvenating our core Talbotws brand and return to profitable growth.” The transactio includes the transfer of certai n assets and liabilities to the buyer, including a distributiobn center in New Hampshire, the sublease of a portion of the Mass., headquarters and substantially all of the brand’s intellectual propertu and inventories.
The remaining 204 stores will continue to operatse underthe J. Jill brand. The headquarterd for the company will remainin Quincy. The J. Jill sale is expecteds to be completed in the second quarter and is subject to post closing SanFrancisco based-Golden Gate Capital acquired Jacksonville-based Venusz in 2006. The acquisition was Goldenn Gate’s 11th in two years. Last month Venuws announced that all 290 employees were in jeopardt of losing their jobs when the swimweadr and ladies apparel company lostits financing.
With its latesgt catalog recentlybeing released, Venus employees are still at least for now, and company executives are looking for a new buyer to acquire the