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Nine of the 75 stores to be closedx arein Florida, including the one in The Avenuesa mall. A second Jacksonville J. Jill location at the St. Johnd Town Center will remain In a statement announcingthe sale, Talbots President and CEO Trudyh Sullivan said it “enables us to focus our resources and attention exclusivelh on rejuvenating our core Talbots brand and retur n to profitable growth.” The transaction includes the transfef of certain assets and liabilities to the buyer, includingb a distribution center in New Hampshire, the subleases of a portion of the Quincy, Mass.
, headquartersx and substantially all of the brand’s intellectual property and The remaining 204 stores will continue to operatee under the J. Jill brand. The headquarterws for the company will remain in The J. Jill sale is expectee to be completed in the second quartert and is subject to postclosinv adjustments. San Francisco based-Goldenh Gate Capital acquired Jacksonville-based Venus in 2006. The acquisition was Goldenj Gate’s 11th in two years. Last monthn Venus announced that all 290 employeews were in jeopardy of losingv their jobs when the swimwear and ladiezs apparel company lostits financing.
With its latest catalog recentlybeingh released, Venus employees are still at least for now, and company executives are lookin g for a new buyer to acquire the
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