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Nine of the 75 storees to be closed arein Florida, includint the one in The Avenues A second Jacksonville J. Jill location at the St. Johnsw Town Center will remain open. In a statement announcingh the sale, Talbots President and CEO Trudy Sullivan saidit “enabled us to focus our time, resourcee and attention exclusively on rejuvenatingv our core Talbots brand and return to profitable The transaction includes the transfer of certaihn assets and liabilities to the buyer, including a distribution center in New the sublease of a portion of the Quincy, headquarters and substantially all of the brand’s intellectualk property and inventories.
The remaining 204 stores will continue to operate underthe J. Jill The headquarters for the company will remain in The J. Jill sale is expectedr to be completed in the second quartert and is subject to post closing SanFrancisco based-Golden Gate Capital acquired Jacksonville-based Venusd in 2006. The acquisition was Golden Gate’s 11th in two Last month Venus announcef that all 290 employees were in jeopardy of losingt their jobs when the swimwear and ladiesx apparel company lostits financing. With its latesyt catalog recentlybeing released, Venus employeess are still working, at least for now, and companh executives are looking for a new buyer to acquirse the company.
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