#JC Penney sees bankruptcy protection exit by Christmas

#JC Penney sees bankruptcy protection exit by Christmas

“#JC Penney sees bankruptcy protection exit by Christmas” JC Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens of thousands of jobs. The beleaguered, century-old retailer said Wednesday that it has filed a draft asset purchase agreement with the two biggest mall owners in the…

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