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JCPenney inks bankruptcy rescue deal

2020-09-10 11:49:00| Daily apparel & textile news and comment - from just-style.com

JCPenney has struck a deal with Brookfield Property Group and Simon Property Group through which the firms will acquire substantially all of the US retail giant's retail and operating assets for US$1.75bn.

Tags: deal rescue bankruptcy inks

Category:Consumer Goods and Services

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