The same challenges that pushed the iconic department store into bankruptcy will be waiting for it on the other side.
News & Analysis: J.C. Penney
The deal would put Aeropostale, Forever 21, and other high-profile brands into Penney stores.
It looks like Simon Property Group and Brookfield Property Partners will buy the struggling department-store chain out of bankruptcy, after all.
Turbulence remained the norm for major market benchmarks.
The struggling retailer has apparently signed a tentative deal to be rescued by landlords and creditors.
The holiday season is approaching quickly, and the ailing department store chain's fate is still up in the air.
A lawyer for the troubled retailer revealed the collapse of negotiations in a court proceeding on Monday.
A group of shareholders is trying to convince a bankruptcy judge that the company is still solvent, but that's not what the evidence says.
Simon Property Group and Brookfield Property Partners have the most riding on the outcome of J.C. Penney's bankruptcy.
The company's lawyer reports all three bidders want to keep it as a stand-alone company.