Hingham, Mass. The Talbots, Inc. announced it has retained Moelis & Co. to serve as the company’s exclusive financial advisor in connection with the sale of its J. Jill brand.
Gregory Shaia, managing director at Moelis & Co. and former head of retail-investment banking for Bear Stearns, will act as lead advisor on the sale.
Talbots announced its plans to pursue the sale of the J. Jill brand on Nov. 6.
The company said this will enable it to focus management resources and capital exclusively on its core Talbots business, which it believes is the right strategic decision to drive long-term increased shareholder value.