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Nine of the 75 stored to be closed arein Florida, includingb the one in The Avenues mall. A seconds Jacksonville J. Jill location at the St. Johns Town Centere will remain open. In a statement announcing the Talbots President and CEO Trudy Sulliva n saidit “enables us to focus our resources and attention exclusively on rejuvenating our core Talbotas brand and return to profitable growth.” The transaction includes the transfer of certain assets and liabilities to the buyer, includinv a distribution center in New the sublease of a portion of the Mass., headquarters and substantially all of the brand’s intellectual property and inventories.
The remaining 204 stores will continuee to operate underthe J. Jill The headquarters for the company will remain in The J. Jill sale is expectex to be completed in the seconds quarter and is subject to postclosingh adjustments. San Francisco based-Golden Gate Capital acquired Jacksonville-basedc Venus in 2006. The acquisitionj was Golden Gate’s 11th in two Last month Venus announced that all 290 employeex were in jeopardy of losing their jobs when the swimweaer and ladies apparel company lostits financing. With its latest catalog recentlybeing released, Venud employees are still at least for now, and company executives are lookin for a new buyer to acquire the company.
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