Women’s apparel retailer J. Jill, which operates some 250 stores in the US, has been acquired by Investment firm TowerBrook Capital Partners. It is buying the company from Investment firm Arcapita and private equity firm Golden Gate Capital. Paula Bennett, CEO, J. Jill noted that the retailer has just completed its best sales year in history and 12 quarters of consecutive growth.
“Their investment in J. Jill provides support for future development and the ability to maximize our potential as a brand and business. We have a shared vision to capitalize on our understanding of our customer and the strength of our omni channel business. We are delighted to partner with TowerBrook,” said Bennett.
