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Nine of the 75 storez to be closed arein Florida, includinv the one in The Avenuesa mall. A second Jacksonville J. Jill location at the St. Johnsx Town Center will remain open. In a statement announcing the Talbots President and CEO Trudy Sulliva saidit “enables us to focuzs our time, resources and attention exclusively on rejuvenating our core Talbotx brand and return to profitable growth.” The transaction includes the transfer of certaijn assets and liabilities to the including a distribution center in New the sublease of a portion of the Quincy, Mass.
, headquarters and substantiallh all of the brand’s intellectual property and The remaining 204 stores will continue to operat under the J. Jill brand. The headquarterws for the company will remainin Quincy. The J. Jill sale is expectesd to be completed in the seconrd quarter and is subject to postclosiny adjustments. San Francisco based-Goldeb Gate Capital acquired Jacksonville-based Venus in 2006. The acquisition was Golden Gate’s 11th in two years. Last month Venusx announced that all 290 employees were in jeopardu of losing their jobs when the swimwear and ladiesx apparel company lostits financing.
With its latestt catalog recentlybeing released, Venuzs employees are still at least for now, and company executived are looking for a new buyer to acquire the
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