New York – Could JCPenney’s savoir be a private equity firm? According to a report in the New York Post, Sycamore Partners has offered $1.75 billion to acquire JCPenney out of bankruptcy. The ...

JCPenney was also saddled with $5 billion in debt when it filed for bankruptcy protection. The Sycamore plan involves rebranding some 250 JCPenney stores to Belk stores in markets where the two ...

JCPenney has hired Cushman & Wakefield and B. Riley Real Estate to ... B. Riley Real Estate to market 21 stores it owns and the leases for another 142 stores across the country to potential buyers.

JCPenney's retail and operating assets are set to be acquired by a joint venture between mall owners Simon Property Group and Brookfield Property Partners, lawyers for the department store said in ...

Related: JCPenney signals stability with move back into old Plano headquarters She’s still close to some of her former JCPenney co-workers. Lisa Taylor was a more experienced buyer in home as a ...

It seems as though JCPenney is on track to turn its business around. The department store announced its second quarter financial results, which showed a comparable store sales increase of 2.2%. “We ...

A Tale of 2 Watch Sellers: Tourneau and JC Penney. Rolex. Paul Ausick. Published: October 19, 2017 11:55 am. ... began hunting for a buyer. The hunt has so far been unsuccessful, ...

JCPenney plans to close nearly 200 stores this year and an additional 50 stores next year as it seeks to use bankruptcy to turn around its business.