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J.Jill Vendors Will Get Paid Under Long-Awaited Restructuring

Join McKinsey & Company, NewTimes Group, Arvind Limited, Asmara, Google, Bluesign, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

J.Jill’s financial saga has finally turned a corner. After five extensions of a forbearance agreement, the women’s specialty apparel chain finally received an early holiday gift from lenders, which agreed to throw the retailer the equivalent of a “stay out of bankruptcy” card as it moves forward with a financial restructuring plan. Term loan lenders…

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