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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. Johnsw Town Center will remain open. In a statement announcingh the sale, Talbots Presidentr and CEO Trudy Sullivan saidit “enables us to focusd our time, resources and attention exclusively on rejuvenatintg our core Talbots brand and return to profitabl e growth.” The transaction includexs the transfer of certain assetds and liabilities to the buyer, including a distributiohn center in New Hampshire, the sublease of a portionm of the Quincy, Mass., headquarterw and substantially all of the brand’x intellectual property and inventories.
The remaining 204 storews will continue to operate underthe J. Jill The headquarters for the companh will remainin Quincy. The J. Jill sale is expecte to be completed in the second quartere and is subject to postclosing adjustments. San Francisco based-Goldeh Gate Capital acquired Jacksonville-based Venus in 2006. The acquisition was Golden Gate’s 11th in two Last month Venus announced that all 290 employeees were in jeopardy of losing their jobs when the swimweae and ladies apparel company lost its With its latest catalog recentlybeinv released, Venus employees are still at least for now, and company executives are lookin for a new buyedr to acquire the company.
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