February 10, 2012

Sign In

  3. Forgot Password? | New Account

Browse News by Topic

Data Products

To Do List

Awards & Events

Bookmark and Share

Talbots completes sale of J. Jill

07/02/09

Talbots Inc. today said that it has completed the sale of its J. Jill brand - both chains have Connecticut stores -- to an affiliate of a San Francisco based private-equity firm.

Talbot announced in June that it would sell the women's casual clothing business to focus on rejuvenating its core business.

An affiliate of Golden Gate Capital paid $75 million cash, less an $8.1 million adjustment based on the estimated closing date, as part of the agreement. Talbots had bought the brand in 2006 for $517 million.

The sale included 205 J. Jill brand stores, a New Hampshire distribution facility, intellectual property, accounts receivable and inventory related to the transferred stores, along with certain related liabilities. (AP)

 
Comments | To post a comment, you must register. | View our Comment FAQ.

This article does not currently have any comments

Post A Comment
Returning User? Please login.
Forgot your password?

or

New to our site? Please create an account (Why?)
Security Code

Please enter the code shown below
(this helps us prevent spam)