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Liz Claiborne 'happy' at J Jill strategic alternatives review

06
Dec '05

Latest fashions provider Liz Claiborne Inc commented on the announcement by J. Jill Group Inc will commence a review of strategic alternatives, including the potential sale of the Company.

Paul R. Charron, Chairman and Chief Executive Officer of Liz Claiborne Inc, said, "Company is pleased that J. Jill has decided to review strategic alternatives, and look forward to participating in the process. They have made a compelling all-cash offer of $18 per share that presents J. Jill shareholders with immediate liquidity and a premium of over 40 percent to the unaffected market price."

"Given proven track record of growing brands, an unrivaled understanding of the 'young boomer' market, and the opportunity for significant synergies, they believe that Liz Claiborne is uniquely positioned to maximize J. Jill's full potential."

New York based Liz Claiborne Inc is a designing & marketing an extensive range of fashion apparel and accessories for women, men,teens, children and infants.

The Company also markets fragrances for women and men. The 41 brands in the Liz Claiborne Inc portfolio are available at more than 30,000 points of sale worldwide.

Liz Claiborne Inc

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