JCPenney Offloads $2.8 Billion in Pension Liabilities
The transfer deal with annuities provider Athene Holdings will ensure that about 30,000 participants in JCPenney's pension plan continue to get benefits.
Sycamore Partners Leads Bid to Acquire Bankrupt JCPenney for $1.75B
The New York-based firm wants to buy the company and merge it with department store chain Belks.
JCPenney Files Chapter 11 Despite Turnaround Gains
The iconic retailer says the progress it had been making after years of declining sales "was wiped out with the onset of COVID-19."
JCPenney Loss Narrows to $93M, Shares Jump
The ailing retailer's third-quarter results gave investors “some hope” that its turnaround efforts are “gaining traction.”