Friday, November 27, 2020
|Sale of J.C. Penney approved by bankruptcy court, giving the retailer a second chance|
|Published Wednesday, November 11, 2020|
Just in time for the holiday's! J.C. Penney is likely to exit bankruptcy by this Thanksgiving. The company had a 10-hour hearing Monday to approve the sale of the retailer to its primary lenders and two biggest landlords, Simon Property Group and Brookfield Property Group. The court decided that the company still has value to its employees, landlords and vendors. Penny will exit bankruptcy and receive the chance to recover from the pandemic.
Click the link below to read the full article on The Dallas Morning News:
Photo by Kiy Turk on Unsplash
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