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J Jill BOD to assess Liz Claiborne proposal in due course

19 Nov '05

2 min read

Board of Directors of women's specialty apparel retailer J Jill Group Inc requested its shareholders to take no action at this time in response to an acquisition proposal announced by latest fashions provider Liz Claiborne Inc.

The J. Jill Group's Board of Directors, consistent with its fiduciary duties and in consultation with its financial and legal advisors, will meet in due course to review and discuss the Liz Claiborne proposal and thereafter will advise shareholders of its position regarding the proposal.

Peter J. Solomon Company is acting as financial advisor to J. Jill and Kirkland & Ellis LLP and Foley Hoag LLP are acting as legal advisors.

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.

Leading fashion firm The J. Jill Group is a women's apparel, including accessories and footwear retailer. The company currently markets its products through retail stores, catalogs and its website jjill.com. J Jill is designed to appeal to active, affluent women age 35 and older. Company believes that the overall appeal of our merchandise is the key to our long-term success.

J. Jill Group

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