J.C. Penney Co Inc said on Wednesday it has entered an asset purchase agreement with Brookfield Asset Management Inc , Simon Property Group and a majority of the company's first lien lenders.
The iconic 118-year-old retailer had filed for bankruptcy in a Texas court in May after the COVID-19 pandemic forced it to temporarily close its then nearly 850 stores.The company said it expects to operate outside Chapter 11 before the holiday season.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taiwan says new arms purchases to boost credible defenceTaiwan says new arms purchases to boost credible defense
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
AMD's $47.7b purchase of Xilinx pushes 2020 towards record for chip dealsSemiconductor companies are rushing to consolidate in the increasingly competitive industry.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
SoftBank attempted to delay WeWork's US$3 billion share purchase: court filingSoftBank Group CEO Masayoshi Son told the executive he tasked to turn around WeWork after its botched initial public offering to 'use whatever ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Mary Chia to buy 80% of Monsoon Hairdressing from celebrity hairstylist Addy LeeSINGAPORE (THE BUSINESS TIMES) - Beauty and wellness firm Mary Chia Holdings has entered into a sale and purchase agreement to buy an 80 per cent stake in five companies under the Monsoon Hairdressing group for about $3 million.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Blackstone third-quarter earnings up on strong asset salesBlackstone Group LP said on Wednesday its third-quarter distributable earnings rose 9per cent year-on-year, as the world's largest manager of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Flanker Willis will be big asset for England, says forwards coachBreakdown specialist Jack Willis would bring intensity and physicality to the side if selected to make his debut against Italy in Saturday's Six ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »