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Talbots completes J. Jill acquisition for $517m

03 May '06
3 min read

Olga Conley, formerly J. Jill's Executive VP/CFO and CAO, has been named Executive VP, Administration for Talbots Inc. In her new role, Ms Conley will be responsible for maximizing the synergies between the Talbots and J. Jill brands.

David Dirienzo, formerly VP for Talbots Mens and Talbots Kids, has been appointed Executive VP, Merchandising for the J. Jill brand. As Executive VP of Merchandising, he is responsible for design, product development and all merchandising for the J. Jill brand.

"The promotions of Phil, Olga and David into these new roles, together with the existing senior management team, position us well for the successful combination of the brands and the evolution of a new, larger and more dominant company," continued Zetcher.

"At this time, I would also like to express my deepest gratitude to Gordon Cooke, J. Jill's Chairman, President and CEO, who will be retiring from J. Jill on May 12, 2006.

Zetcher concluded, "Our combined company is strongly positioned for profitable growth in an attractive market. We have two well-regarded brands that resonate with the age 35+ female customer, demonstrated expertise in reaching consumers through multiple channels, solid potential for back office synergies, and a great team to make it happen. We look forward to the future with confidence and enthusiasm."

The Talbots Inc is a leading international specialty retailer and cataloger of women's, children's and men's apparel, shoes and accessories.

The Talbots Inc

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