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How COVID-19 Might Derail Penney’s Bankruptcy Plans

Join Isko and Rivet magazine on June 3 at 11 am ET for REFASHIONED, a roundtable discussion on the denim industry’s new normal, from concept to consumer.

How soon retailers can fully reopen their doors could dictate J. C. Penney’s ultimate fate. The mass merchant filed a Chapter 11 petition for bankruptcy court protection on Friday in a Corpus Christi, Texas, federal bankruptcy court, listing total assets at $8.57 billion while tallying $8.03 billion in liabilities. Estimates show the company has more…

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