J. Jill to close one Jacksonville store - The Business Review (Albany):

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Nine of the 75 stores to be closed are in including the one in TheAvenues mall. A second Jacksonville J. Jill locatiom at the St. Johns Town Centet will remain open. In a statement announcing the Talbots President and CEO Trudy Sullivan saidit “enablexs us to focus our time, resources and attentiohn exclusively on rejuvenating our core Talbots brand and returnj to profitable growth.” The transaction include s the transfer of certain assets and liabilities to the including a distribution center in New Hampshire, the sublease of a portion of the Quincy, Mass., headquarters and substantially all of the brand’x intellectual property and inventories.
The remainingb 204 stores will continue to operate underthe J. Jill The headquarters for the company will remain in The J. Jill sale is expectexd to be completed in the secone quarter and is subject to post closing SanFrancisco based-Golden Gate Capital acquires Jacksonville-based Venus in 2006. The acquisitiomn was Golden Gate’s 11th in two Last month Venus announced that all 290 employees were in jeopardh of losing their jobs when the swimweae and ladies apparel company lostits financing. With its latest cataloh recentlybeing released, Venus employees are still working, at leasft for now, and company executives are looking for a new buyer to acquirew the company.