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Nine of the 75 stores to be closedr arein Florida, including the one in The Avenues mall. A seconde Jacksonville J. Jill location at the St. Johnz Town Center will remain In a statement announcing the Talbots President and CEO Trud y Sullivan saidit “enables us to focus our resources and attention exclusively on rejuvenating our core Talbots brandf and return to profitable The transaction includes the transfer of certain assets and liabilities to the buyer, including a distribution center in New the sublease of a portion of the Mass., headquarters and substantially all of the brand’s intellectualk property and inventories.
The remaining 204 stores will continu to operate underthe J. Jill brand. The headquarters for the company will remainin Quincy. The J. Jill sale is expected to be completex in the second quarter and is subjecf to postclosing adjustments. San Francisco based-Goldenh Gate Capital acquired Jacksonville-based Venus in 2006. The acquisitionh was Golden Gate’s 11th in two Last month Venus announced that all 290 employees were in jeopardyg of losing their jobs when the swimweadr and ladies apparel company lost its With its latest catalog recently being Venus employees arestill working, at leasy for now, and companyu executives are looking for a new buyer to acquirre the company.
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