Return to search

Sycamore Partners in talks to buy J.C. Penney: Reuters

Sycamore Partners is in talks to buy retailer J.C. Penney, reported Reuters.

Sycamore Partners is in talks to buy retailer J.C. Penney, reported Reuters. J.C. Penney filed for bankruptcy in May after the COVID-19 pandemic forced it to temporarily close more than 800 stories in the U.S. The talks with Sycamore will hinge on whether “negotiations with its creditors fail,” noted the news wire.

Source: Reuters