Fresh off manufacturer Liz Claiborne’s latest attempt to buy the company (see ”Claiborne Offers $366 Million for J. Jill”), the board of directors at J. Jill announced that they are exploring “strategic alternatives,” including a possible sale of the company.
The women’s apparel merchant is working with Peter J. Solomon Co., its financial adviser, in this process. Kirkland & Ellis LLP and Foley Hoag LLP are acting as legal advisers.