Talbots Retains Financial Advisor J. Jill Sale
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.
Torng named chief marketer at Movie Gallery
WILSONVILLE, Ore. Movie Gallery announced that Cliff Torng has been appointed evp and chief marketing officer of the company. He will be responsible for all aspects of Movie Gallery’s corporate marketing operations, including brand marketing, customer intelligence and communications.
Torng has more than twenty years of experience in marketing and advertising, specializing in global retail branding and marketing. He most recently served as director of marketing for the Jordan brand at Nike.
Price Chopper partners with EatingWell
SCHENECTADY, N.Y. Price Chopper Supermarkets has teamed up with EatingWell Media Group to give its consumers recipes that are both tasty and nutritious and inform them of the latest health news to help them make better eating decisions.
The program falls under Price Chopper’s Healthy U initiative, which provides current information on nutrition and diet.