JCPenney launches search for a new Chief Executive Officer
PLANO: JCPenney’s new ownership group, consisting of Simon Property Group and Brookfield Asset Management, along with strategic partner Authentic Brands Group, have launched a search...
Brookfield Property and Simon Property to acquire JCPenney retail and operating assets
PLANO: J.C. Penney Company Inc. has reached an agreement in principle to sell JCPenney through a court-supervised sale process. The Company plans to seek approval...
JCPenney undergoes organizational restructuring as 152 stores closed
PLANO, TEXAS: J. C. Penney Company announced that it is aligning its workforce with its store optimization strategy and reduced store footprint. JCPenney has identified...
JCPenney enters financial restructuring agreement with lenders
PLANO, TEXAS: J.C. Penney Company, one of the nation’s largest apparel and home retailers, has entered into a restructuring support agreement (RSA) with lenders holding...