http://chantiers.org/varenne.htm
Nine of the 75 stores to be closed arein Florida, includinvg the one in The Avenues mall. A second Jacksonvillde J. Jill location at the St. Johns Town Centetr will remain open. In a statement announcinfg the sale, Talbots President and CEO Trudy Sullivan saidit “enables us to focuw our time, resources and attention exclusively on rejuvenating our core Talbotws brand and return to profitable growth.” The transactiohn includes the transfer of certain assets and liabilitiea to the buyer, includiny a distribution center in New the sublease of a portion of the Quincy, headquarters and substantially all of the brand’s intellectuapl property and inventories.
The remaining 204 stores will continue to operate underthe J. Jill The headquarters for the company will remainhin Quincy. The J. Jill sale is expecteed to be completed in the second quarter and is subjec to postclosing adjustments. San Francisclo based-Golden Gate Capital acquired Jacksonville-basesd Venus in 2006. The acquisition was Golden Gate’s 11th in two Last month Venus announced that all 290 employeess were in jeopardy of losing theitr jobs when the swimwear and ladies apparel company lostits financing.
With its latest catalog recentlbeing released, Venus employees are still working, at least for now, and company executivees are looking for a new buyer to acquirs the company.
No comments:
Post a Comment