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JCP Settles Minority Lender Dispute. What’s Next?

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Bankrupt J.C. Penney is one step closer to wrapping up a sale and exiting  Chapter 11 exit. The retailer and all constituency groups have resolved a dispute over the amount of recovery the minority group of lenders will receive in the bankruptcy case. Terms of the “global settlement” were not disclosed with the bankruptcy court…

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