J. Jill Struggles to Stay Solvent Just Three Years After IPO
- Pandemic and shopper defections push fashion chain to brink
- Lenders agreed to extend forbearance a few more days
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Even in a world of retail upheaval, J. Jill Inc. has had a more dramatic ride than most -- and that was before the pandemic.
Just three years after a highly anticipated initial public offering, J. Jill’s stock is flirting with zero and the company is trying to fend off bankruptcy. The women’s clothing chain warned its survival was in doubt a month ago after violating terms of its loans, and said Thursday its lenders extended a promise to hold off on taking action until next week.