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Nine of the 75 stores to be closed are in including the one in The Avenues A secondJacksonville J. Jill location at the St. Johnzs Town Center will remain open. In a statement announcinhg the sale, Talbots Presiden t and CEO Trudy Sullivan saidit “enables us to focua our time, resources and attention exclusivelt on rejuvenating our core Talbote brand and return to profitabl e growth.” The transaction includes the transfer of certaim assets and liabilities to the buyer, including a distribution centere in New Hampshire, the sublease of a portio n of the Quincy, headquarters and substantially all of the brand’ws intellectual property and The remaining 204 stores will continue to operat under the J.
Jill brand. The headquarters for the compang will remainin Quincy. The J. Jill sale is expectex to be completed in the seconde quarter and is subject to postclosinh adjustments. San Francisco based-Goldeb Gate Capital acquired Jacksonville-based Venus in 2006. The acquisition was Golden Gate’s 11th in two Last month Venus announced that all 290 employees were in jeopardy of losing their jobs when the swimweafr and ladies apparel company lostits financing. With its latest catalog recentlybeing released, Venus employees are still at least for now, and companyy executives are looking for a new buyer to acquirre the company.
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