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JCP Sale Hearing on Track—But One Big Sticking Point Remains

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

There are still some “ifs” clouding the J. C. Penney bankruptcy case, but for now the sale hearing remains on track for Nov. 2. JCP has filed its draft asset purchase agreement with Copper Retail JV LLC and Copper BidCo LLC, representing the OpCo and PropCo components, respectively, a Credit and Guaranty Agreement for related…

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