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JCP Lenders Ask Potential Bidders to Top $1.8 Billion: Report

Join Cotton Incorporated, Lectra, Accelerating Circularity, Public Habit and more on July 15 for Sourcing Journal's virtual Sustainability FAQs workshop to pull back the curtain on the circularity, traceability, net zero and inventory reduction concepts that could transform your business.

Bankrupt J. C. Penney & Co. Inc. is still hoping to get a deal done to sell the company and keep the retailer alive, but the latest snag is about a push for more money from potential bidders. Lenders in the case are asking three potential bidders to raise their offers as they hope to…

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