JCPenney strikes massive deal for 119-store sale
JCPenney sells 119 store properties: Find out which locations.
JCPenney has faced turbulent years marked by financial danger and mass store closures. Now, the retailer has revealed one other fundamental shift in its commerce.
Five years after emerging from financial danger, JCPenney has sealed a $947 million all-cash take care of the interior most equity company Onyx Companions Ltd., agreeing to transfer the possession of 119 store areas.
The vendor, Copper Property CTL Scamper Thru Belief, presented that the amendment started on July 23 and it's non-refundable, which ensures the transaction.
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