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Jones Lang LaSalle donates $1.25 million to Red Cross to aid Japan
Chicago -- Jones Lang LaSalle today Thursday that the firm is donating $1.25 million to the Japanese Red Cross to provide aid and relief following the Japan earthquake and Pacific Tsunami that have left a path of destruction in their wake.
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Golden Gate to sell majority stake in J.Jill to Arcapita Bank
New York City -- Private equity firm Golden Gate Capital Corp. agreed to sell a majority stake in J. Jill to Arcapita Bank BSC, a Bahrain-based investment bank, less than two years after buying the company. Terms of the agreement were not disclosed.
Golden Gate will remain a minority shareholder in the company. J. Jill President and CEO Paula Bennett will continue to lead the chain.
Golden Gate bought J. Jill in June 2009 from The Talbots for about $75 million.