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JCPenney rescue deal implodes, 120 stores face the axe
The collapse of JCPenney's latest real estate rescue plan has pushed a fresh wave of uncertainty onto the department store's ...
J.C. Penney's ambitious $947 million agreement to sell 119 stores to Onyx Partners has collapsed, thrusting these locations ...
An affiliate of Onyx Partners is buying 119 JCPenney stores for $947 million, with the deal expected to close on September 8. All affected stores are currently open, but it's unclear whether they will ...
A missed deadline to close and a dispute over a $5 million deposit are putting the retail portfolio sale in jeopardy.
JCPenney announced in a blog post that it would be closing more stores after it already closed up to 200 since filing for bankruptcy in May. "Following a comprehensive review of the JCPenney retail ...
The proposed $947 million nationwide deal would have sold the 149,608-square-foot store in Freehold and 116 other JCPenney ...
Once a mall staple and a go-to department store for generations of families since 1902, JCPenney has endured turbulent years marked by bankruptcy, mass store closures, and restructuring efforts. Now, ...
JCPenney is closing yet another location, this time in Orange County, California. JCPenney will close its location in the Westminster Mall on or about Nov. 21, according to a Worker Adjustment and ...
JCPenney is set to close another location, this time in the San Francisco Bay Area in California. The clothing store is set to close its location in the Stoneridge Shopping Center in Pleasanton, ...
WASHINGTON — A Boston-based private equity firm is purchasing 119 JCPenney stores for nearly $1 billion, about five years after the retailer filed for bankruptcy. Onyx Partners, Ltd. will acquire the ...
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