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How J.C. Penney Plans to Bypass Bankruptcy

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

While struggling J.C. Penney has enough liquidity to get through this year and most of next, the retailer is also taking proactive steps to buy itself some breathing room so it can effect a turnaround plan. One of those steps is connected to debt restructuring options, such as an extension of maturities, perhaps, or bringing…

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