Gordon Cooke, J. Jill's Chairman, President and CEO said, "J. Jill has evolved over the past 10 years from a multi-brand, catalog-only, market-sourced company to a successful multi-channel, private-label, national retailer. We have opened 200 stores in the past six years while maintaining a significant presence in both catalog and the Internet.
“I am most proud of the fact that we have achieved this growth while creating and maintaining an internal corporate culture in which there is an upbeat, highly motivated and collaborative environment with associates who passionately believe in J. Jill at every level throughout this organization. We have an extremely talented management team that has been enthusiastic and unwavering in its contributions to the growth and success of our brand."
"For all these reasons, we are very pleased about our combination with Talbots. In addition to providing a premium to J. Jill shareholders, this transaction is an excellent strategic fit for us.
“We are excited about the future growth opportunities that will be created as a result of this combination," concluded Cooke.
J. Jill will continue to operate under its name and will retain its headquarters in Quincy, MA, which is located approximately seven miles from Talbots headquarters in Hingham, MA.
Talbots Inc is a leading national specialty retailer and cataloger of women's, children's and men's classic apparel, shoes and accessories.
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