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Nine of the 75 stores to be closed are in including the one in TheAvenues mall. A second Jacksonvill e J. Jill location at the St. Johne Town Center will remain In a statement announcingthe sale, Talbota President and CEO Trudy Sullivan said it “enables us to focusa our time, resources and attention exclusively on rejuvenatinb our core Talbots branf and return to profitable growth.” The transaction includes the transferr of certain assets and liabilities to the including a distribution center in New Hampshire, the subleaswe of a portion of the Mass., headquarters and substantially all of the brand’s intellectualp property and inventories.
The remaining 204 store will continue to operate underthe J. Jill The headquarters for the company will remain in The J. Jill sale is expected to be completed in the second quarter and is subject to postclosingv adjustments. San Francisco based-Golden Gate Capitalk acquired Jacksonville-based Venus in 2006. The acquisition was Golden Gate’sa 11th in two years. Last month Venus announcede that all 290 employees were in jeopardy of losingf their jobs when the swimwear and ladies apparel company lost its With its latest catalog recentlybeing released, Venus employeee are still working, at least for now, and company executives are looking for a new buyedr to acquire the
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