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J.Jill
J.Jill is an American Retail, retailer headquartered in Quincy, Massachusetts that specializes in womenswear. J.Jill was founded in the Berkshires, in Great Barrington, Massachusetts, as a specialty store, by Karl Lipsky (1914—2009), in 1955, which he named for his wife, Jenifer, and daughter, Jill. Lipsky had previously founded Jenifer House, a catalog fashion retailer. In 2006, J.Jill was acquired by rival retailer Talbots, The Talbots, Inc., ceasing to be a publicly traded company; Talbots topped Liz Claiborne in a "bidding war" for ownership of J. Jill, paying US$517 million for the brand. In 2009, Golden Gate Capital acquired the company for a devalued $63 million. On March 9, 2017, J.Jill again became a Public company, publicly traded company on the New York Stock Exchange (NYSE), trading under the ticker symbol JILL. In June 2019, its shares took the biggest percentage decline since its 2017 Initial public offering, IPO, plummeting 53.5%, which analysts blamed on design a ...
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Golden Gate Capital
Golden Gate Capital is an American private equity firm based in San Francisco. The firm makes investments in a number of select industries, including technology, financial services, retail and industrial, through leveraged buyout transactions, as well as significant minority purchases and growth capital investments. , it had over $15 billion in assets under management. The firm was founded in 2000 by former investment professionals from private equity firm Bain Capital and its affiliate, Bain & Company, led by former Bain Capital partner David Dominik. Golden Gate's investment fund is structured as an evergreen fund with no finite life, meaning Golden Gate does not have to sell all investments within five to 10 years in order to raise another fund and can instead fund-raise as deals are made. As of 2017, the firm had approximately 54 investment professionals. Holdings Following the bursting of the Dot-com bubble, the firm had shown a pattern of investments in technology compan ...
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Retail
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision ...
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Quincy, Massachusetts
Quincy ( ) is a coastal U.S. city in Norfolk County, Massachusetts, United States. It is the largest city in the county and a part of Greater Boston, Metropolitan Boston as one of Boston's immediate southern suburbs. Its population in 2020 was 101,636, making it the seventh-largest city in the U.S. state, state. Known as the "City of Presidents", Quincy is the birthplace of two President of the United States, U.S. presidents—John Adams and his son John Quincy Adams—as well as John Hancock (a President of the Continental Congress and the first signer of the United States Declaration of Independence, Declaration of Independence) and the first and third Governor of Massachusetts. First settled in 1625, Quincy was briefly part of Dorchester, Boston, Dorchester before becoming the north precinct of Braintree, Massachusetts, Braintree in 1640. In 1792, Quincy was split off from Braintree; the new town was named after Colonel John Quincy, maternal grandfather of Abigail Adams and af ...
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Womenswear
Fashion is a form of self-expression and autonomy at a particular period and place and in a specific context, of clothing, footwear, lifestyle, accessories, makeup, hairstyle, and body posture. The term implies a look defined by the fashion industry as that which is ''trending''. Everything that is considered ''fashion'' is available and popularized by the fashion system (industry and media). Given the rise in mass production of commodities and clothing at lower prices and global reach, sustainability has become an urgent issue among politicians, brands, and consumers. Definitions The French word , meaning "fashion", dates as far back as 1482, while the English word denoting something "in style" dates only to the 16th century. Other words exist related to concepts of style and appeal that precede ''mode''. In the 12th and 13th century Old French the concept of elegance begins to appear in the context of aristocratic preferences to enhance beauty and display refinement, and , ...
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Berkshires
The Berkshires () are a highland geologic region located in the western parts of Massachusetts and northwest Connecticut. The term "Berkshires" is normally used by locals in reference to the portion of the Vermont-based Green Mountains that extend south into western Massachusetts; the portion extending further south into northwestern Connecticut is grouped with the Connecticut portion of the Taconic Mountains and referred to as either the Northwest Hills or Litchfield Hills. Also referred to as the Berkshire Highlands, Berkshire Hills, Berkshire Mountains, and Berkshire Plateau, the region enjoys a vibrant tourism industry based on music, arts, and recreation. Geologically, the mountains are a range of the Appalachian Mountains. The Berkshires were named among the 12 Last Great Places by The Nature Conservancy. Definition The term "The Berkshires" has overlapping but non-identical political, cultural, and geographic definitions. Political Politically, Berkshire County, Massa ...
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Great Barrington, Massachusetts
Great Barrington is a town in Berkshire County, Massachusetts, United States. It is part of the Pittsfield, Massachusetts, Metropolitan Statistical Area. The population was 7,172 at the 2020 census. Both a summer resort and home to Ski Butternut, a ski resort, Great Barrington includes the villages of Van Deusenville and Housatonic. History 1676–1995 The Mahican Indians called the area ''Mahaiwe'', meaning "the place downstream". It lay on the New England Path, which connected Fort Orange near Albany, New York, with Springfield and Massachusetts Bay. The first recorded account of Europeans in the area happened in August 1676, during King Philip's War. Major John Talcott and his troops chased a group of 200 Mahican Natives west from Westfield, eventually overtaking them at the Housatonic River in what is now Great Barrington. According to reports at the time, Talcott's troops killed twenty-five Indians and imprisoned another twenty. Today, a plaque for John Talcott marks t ...
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Talbots
The Talbots, Inc. (doing business as Talbots and stylized as TALBOTS) is an American specialty retailer and direct marketer of women's clothing, shoes and fashion accessories. As of 2018, the company operated 495 Talbots stores in the United States: 425 core Talbots stores (412 U.S), 65 Talbots Factory Outlets (U.S.) and five Talbots Clearance stores (4 U.S.). The company's retail operation comprises approximately 80% of its overall business, with the other 20% conducted via catalog and internet. History The first shop, located in Hingham, Massachusetts, was opened in 1947 by Rudolf and Nancy Talbot. In 1948, the Talbots launched a direct mail business by distributing 3,000 fliers to names obtained from ''The New Yorker'' magazine. In 1973, they sold the company, consisting of a growing catalog enterprise and five stores, to General Mills. The chain was expanded along the U.S. east coast. When General Mills divested its Specialty Retail Division in 1988, Talbots was acquired b ...
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Liz Claiborne
Anne Elisabeth Jane Claiborne (March 31, 1929 – June 26, 2007) was an American fashion designer and businesswoman. Her success was built upon stylish yet affordable apparel for career women featuring colorfully tailored separates that could be mixed and matched. Claiborne is best known for co-founding Liz Claiborne Inc., which in 1986 became the first company founded by a woman to make the Fortune 500 list. Claiborne was the first woman to become chair and CEO of a Fortune 500 company. Early life and education Claiborne was born in Brussels to American parents. She came from a prominent Louisiana family with an ancestor, William C. C. Claiborne, who served as Louisiana's first governor after statehood, during the War of 1812. In 1939, at the start of World War II, the family returned to New Orleans. Claiborne attended St. Timothy's School for Girls, a small boarding school in Maryland. She and her sisters attended Mountain Lakes High School in Mountain Lakes, New Jerse ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, securiti ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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COVID-19 Pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused more than cases and confirmed deaths, making it one of the deadliest in history. COVID-19 symptoms range from undetectable to deadly, but most commonly include fever, dry cough, and fatigue. Severe illness is more likely in elderly patients and those with certain underlying medical conditions. COVID-19 transmits when people breathe in air contaminated by droplets and ...
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