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.
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 ...
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 ...
JCPenney is selling 119 stores for $947 million to Onyx Partners, Ltd., a Boston-based private equity firm. Two Tennessee JCPenney locations are included in the sale. The sale is expected to close on ...
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Is JCPenney being bought out? Are stores closing? How many stores are left? What we know
JCPenney filed for bankruptcy in 2020 during the COVID-19 pandemic, and now a Boston private equity firm will finally pay $947 million to own 119 JCPenney stores. Here's what we know: Start the day ...
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