J Jill to explore strategic alternatives, mulls sale of Co
06 Dec '05
1 min read
Board of Directors of women's specialty apparel retailer J Jill Group Inc announced that it has decided to explore strategic alternatives to enhance shareholder value, including a possible sale of the company. The company is working with Peter J. Solomon Company, its financial advisor, in this process.
In making the announcement, the company stated that there could be no assurance that the exploration of strategic alternatives will result in a transaction. The company does not intend to disclose developments with respect to the exploration of strategic alternatives unless and until its Board of Directors has made a decision.
Peter J. Solomon Company is acting as financial advisor to J. Jill and Kirkland & Ellis LLP and Foley Hoag LLP are acting as legal advisors.
Leading fashion firm The J. Jill Group is a women's apparel, including accessories and footwear retailer. The company currently markets its products through retail stores, catalogs and its website jjill.com.
J Jill is designed to appeal to active, affluent women age 35 and older. Company believes that the overall appeal of our merchandise is the key to our long-term success.
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