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The move is expected to result in the closurs of about 75of J. Jill’s existing Hingham, Mass.-based Talbots (NYSE: TLB) said the deal with San Francisco-base d Golden Gate Capital is subjectto post-closing adjustments. “This is a significantt strategic step forward for Talbots as it enableas us to focusour time, resources and attentionh exclusively on rejuvenating our core Talbots brand and returnj to profitable growth,” said Trudyy F. Sullivan, Talbots president and CEO. Abourt 204 of the existing 279 J. Jill brand storr leases will be assigned to the buyer and will continueto J. Jill has a storre at The Galleriaat Roseville. About 75 remaining J.
Jill bransd store leases will be retained by Talbotsd and are expected to be closeed by Talbots within the next60
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