J.Jill Bucks Apparel Store Trend, Set for Expansion

The owner of Quincy, MA-based J.Jill, a national women’s apparel brand, is raising up to $174 million today in an initial public offering of its common stock with plans to expand its store base and ecommerce operations.

J.Jill is owned by TowerBrook, a New York-based investment management firm, which is seeking to profit from its May 2015 purchase of the retailer. TowerBrook will still control 57% or more of J.Jill following the public offering…