J.Jill Bucks Apparel Trend, Set for Expansion

While the steady stream of apparel store closure news makes it seem that such stores are doomed, the owner of Quincy, MA-based J.Jill, a nationally recognized women’s apparel brand, is raising up to $174 million today in an initial public offering of its common stock.

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…