A ten-figure deal to sell more than 100 JCPenney stores has devolved into a high-stakes legal fight, with buyer Onyx Partners accusing the seller, the Copper Property trust, of deliberately sabotaging ...
Once a mall staple and a go-to department store for generations of families since 1902, JCPenney has endured turbulent years marked by bankruptcy, mass store closures, and restructuring efforts. Now, ...
WASHINGTON — A $947 million deal to sell 117 JCPenney stores is in danger of collapse after a Boston-based private equity firm failed to complete the transaction by a scheduled deadline, according to ...
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