Women's retailer Talbots completed J. Jill brand for sale

Beijing Evening News on Friday evening, women's retailer Talbots Inc (TLB) said it had completed the sale of the J. Jill brand, an affiliate of Golden Gate Capital, a private equity firm. The affiliate paid $ 75 million in cash for the transaction. Talbots bought the brand for $ 517 million in 2006. The sale includes 205 J. Jill branded stores, a distribution center in New Hampshire, intellectual property, receivables and inventory related to the stores transferred, and a portion of the related debt.