Posts Tagged: jc penney

JC Penney

JC Penney Rescued From Bankruptcy

JC Penney is getting a last-minute buyer who will pull the beleaguered retail chain out of bankruptcy.  The company is negotiating with mall owners Simon Property Group and Brookfield Property Partners to purchase the chain, a move that could save as many as 70,000 jobs.  JC Penney filed for Chapter 11 bankruptcy back in May,… Read more »