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JCPenney one step closer to exiting chapter 11 anticipating holiday season

JCPenney said it is near to exiting Chapter 11 ahead of the busy December 2020 holiday season. The a beleaguered retailer filed a draft asset purchase agreement towards finalization of the acquisition by Brookfield Asset Management, Inc. and Simon Property Group, Inc. They are expected to buy substantially all of J.C. Penney's retail and...

Oct 21, 2020