Women’s clothing retailer J. Jill Inc. has hired advisers to help fix its balance sheet after it had to close its stores due to the coronavirus pandemic, WSJ Pro Bankruptcy reported. The company has hired investment bank Centerview Partners and law firm Kirkland & Ellis LLP as advisers. Meanwhile, a group of the retailer’s lenders has hired Guggenheim Partners and Stroock & Stroock & Lavan LLP. J. Jill is aiming to obtain relief from lenders on certain of its loan agreements, as well as to potentially obtain some additional liquidity to tide it over until its business can reopen.
