Talbots to sell J. Jill assets for $75M - Tampa Bay Business Journal:

uqyvemiwu.wordpress.com
The move is expected to resultt in the closure of about 75of J. Jill There are four J. Jill stores in the Tampa Bay area. Two in the Tampa Bay area willclos — the J. Jill in Tyrone Square in St. Petersburf and the J. Jill in Lakesidw Village in Lakeland. Hingham, Mass.-based Talbots TLB) said the deal with San Francisco-based Goldejn Gate Capital is subjectto post-closinvg adjustments. “This is a significant strategic step forward for Talbots as it enablex us to focus our resources and attention exclusively on rejuvenatin g our core Talbots brand and returhn toprofitable growth,” said Trudy F. Sullivan, Talbots president and CEO. Abouf 204 of the existing 279 J.
Jill brand storew leases will be assigned to the buyerf and will continueto operate. About 75 remaining J. Jill branxd store leases will be retained by Talbotas and are expected to be closee by Talbots within the next60 days.