Penney
Enjoy Technology, led by ex-Apple and JC Penney executive Johnson, files bankruptcy
June 30 (Reuters) – Enjoy Technology Inc (ENJY.O), a Silicon Valley retailer led by former Apple Inc (AAPL.O) and JC Penney Co executive Ron Johnson, filed for bankruptcy protection on Thursday, fewer than nine months after going public through a special-purpose acquisition company (SPAC). The Palo Alto, California-based startup said it plans to sell its …
Amazon and Mall Operator Look at Turning Sears, J.C. Penney Stores Into Fulfillment Centers
The largest mall owner in the U.S. has been in talks with Amazon.com Inc., the company many retailers denounce as the mall industry’s biggest disrupter, to take over space left by ailing department stores. Simon Property Group Inc. has been exploring with Amazon the possibility of turning some of the property owner’s anchor department stores …
Exclusive: Buyout firm Sycamore Partners in talks to buy J.C. Penney – sources
NEW YORK (Reuters) – Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc (JCP.N) out of bankruptcy should the U.S. department store chain’s negotiations with its creditors fail, three people familiar with the matter said on Friday. FILE PHOTO: Shoppers enter and leave the J.C. Penney department store in …
J.C. Penney Bankruptcy Plan Would Spin Properties Into REIT – Bloomberg
J.C. Penney Bankruptcy Plan Would Spin Properties Into REIT Bloomberg J.C. Penney Files for Bankruptcy, Closing Some Stores The New York Times JCPenney files for bankruptcy CNN J.C. Penney Bankruptcy May Not Buy Enough Time Bloomberg Pandemic claims another retailer: 118-year-old JC Penney kion546.com View Full Coverage on Google News Source link
JC Penney ‘plans to file for bankruptcy in today’
JC Penney could file for bankruptcy as early as Friday morning, sources familiar with the matter have claimed. The insiders told CNBC that the company’s advisors are currently working on a bankruptcy filing. However, they noted that final negotiations between the department store chain and its lenders could pour into the weekend, delaying the filing. JC …
