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

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

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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