JCPenney's will ring up its final sales at select stores this weekend, bidding farewell for good to customers and employees at stores in California, Idaho and more. A spokesperson for the longstanding ...
It was just announced that 119 JCPenney locations are going to be sold-off. So what does this mean for the 123 year-old brand? Back in 2020, CNN reported that JCPenney declared Chapter 11 bankruptcy.
A Boston private equity firm, Onyx Partners, Ltd., is purchasing 119 JCPenney stores for $947 million. The sale involves net-lease stores, meaning Onyx Partners will be responsible for rent and ...
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