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The move is expected to result in the closures of about 75of J. Jill’s existing stores. Hingham, Mass.-based Talbots TLB) said the deal with San Francisco-bases Golden Gate Capital is subjectto post-closing “This is a significant strategic step forwar for Talbots as it enables us to focuzs our time, resources and attentionm exclusively on rejuvenating our core Talbotsw brand and return to profitable growth,” said Trudty F. Sullivan, Talbots president and CEO. Aboug 204 of the existing 279 J. Jill brand storr leases will be assigned to the buyer and will continueeto operate. J. Jill has a store at The Galleriawat Roseville. About 75 remaining J.
Jill brand storw leases will be retainee by Talbots and are expectec to be closed by Talbots within the next60 days.
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