J.C. Penney starts lifestyles below new possession

Retail news

The Dallas Morning news

Mall landlords Simon Property group and Brookfield Asset management are the new owners of J.C. Penney. The department store retailer exits Chapter eleven bankruptcy insurance policy with 690 areas to serve purchasers. “nowadays is an exciting day for our enterprise, as we’ve completed our aim of putting J.C. Penney on a comfortable direction for the longer term as a personal business in order that we are able to continue to serve our loyal customers,” Jill Soltau, the chain’s CEO, mentioned in a statement.

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