The company -- which is expected to announce earnings this week -- has been struggling, and spent much of the recent months securing financing and reducing
expenses. In its most recently quarterly results, comparable-store sales plunged 24.6%, and it reported a net loss of $136.3 million. Golden Gate will acquire 204 of J. Jill's 279 stores; the
remainder is expected to be shuttered within 60 days.--Sarah Mahoney
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