J. Jill Price No Joke
When the news broke yesterday that Talbots sold J. Jill, it seemed like Golden Gate Capital was buying it at a fire sale price. Clearly no one expected Talbots to get anywhere near the $517 million it paid for J. Jill just three years ago, but $75 million? Really?
As it turns out, Talbots CEO Trudy F. Sullivan told the Boston Globe that the $75 million price tag is on the high side of some projections. One analyst has said J. Jill is valued on its books at $16 million. Ouch.
What happened to J. Jill? Talbots
