J. Jill Considers Sale; Board Silent on Liz Claiborne Offer

Share this content:
The J. Jill Group Inc.'s board of directors said yesterday that it is exploring strategic alternatives, including a possible sale of the Quincy, MA-based multichannel merchant of women's apparel.


The news follows a mid-November offer from Liz Claiborne Inc. to acquire all outstanding shares of J. Jill for $366 million. The offer was for $18 per share in cash, which is 40 percent higher than J. Jill's closing price of $12.79 on Nov. 17. The stock closed at $19.33 yesterday.


Claiborne's offer was made directly to the company's board of directors after discussions with its CEO, Gordon Cooke, went nowhere. At the time, the board asked shareholders to take no action so it could have time to review the proposal.


J. Jill's business has faltered this year as the company has repeatedly missed analyst earnings estimates, its direct business has deteriorated and its merchandise mix has missed the mark.


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above