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JCPenney initiates search for new CEO as Soltau to exit

JCPenney announced on Wednesday that its new ownership group, consisting of Simon Property Group and Brookfield Asset Management, along with strategic partner Authentic Brands...

JCPenney gets court approval for asset purchase agreement with Brookfield, Simon

JCPenney announced that the U.S. Bankruptcy Court for the Southern District of Texas has approved the asset purchase agreement with Brookfield Asset Management, Simon...

JCPenney files draft asset purchase agreement

Continues to Make Significant Progress Toward Final Asset Purchase Agreement with Brookfield, Simon and First Lien Lenders  Expects to Close Sale of OpCo and Operate...

Brookfield, Simon Property to acquire JCPenney’s retail and operating assets

J.C. Penney Company, Inc. announced that it has reached an agreement in principle to sell JCPenney through a court-supervised sale process. Brookfield Property Group...

JCPenney reaches agreement in principle with Brookfield Property Group and Simon...

Intends to Establish Separate “OpCo” and “PropCo” Entities to Maximize Value for Stakeholders and Maintain JCPenney Banner for Decades to Come J.C. Penney Company, Inc....

Simon Property, Amazon discuss turning Sears, J.C. Penney stores into fulfillment...

Simon Property Group, the largest shopping center owner in the U.S. and an S&P 100 company, has been in talks with Amazon.com Inc., about...

Simon Property, Brookfield in talks to acquire JC Penney

Simon Property Group and Brookfield Property Partners, the biggest mall owners in the United States, and Authentic Brands Group LLC are in talks to acquire bankrupt department-store...

JC Penney to close 154 stores

JC Penney announced that it plans to close 154 stores as a part of its store optimization strategy. Closing sales are expected to begin...

JCPenney reopens 150 stores across U.S

JCPenney reopened 150 stores in 27 states, bringing the total to 304 reopened stores nationwide after temporarily closing due to the Coronavirus (COVID-19) pandemic....

JCPenney files for bankruptcy

JCPenney has filed for Chapter 11 bankruptcy on Friday. The 118-year-old company announced it has entered into a restructuring support agreement(RSA) with lenders holding approximately...

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