• Kyodo News

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Major retailer Aeon Co. said Tuesday its U.S. clothing affiliate, Talbots Inc., will sell its J. Jill brand unit for about $75 million to an affiliate of a U.S. equity investment firm.

Under the agreement, 204 of the existing 279 J. Jill brand shops and related assets will be handed over to Jill Acquisition LLC, an affiliate of U.S. equity investment firm Golden Gate Capital. The remaining 75 stores are expected to be closed.

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