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JCP Has a Signed Sale Contract in Hand

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.

J.C. Penney is one step closer to wrapping up a protracted bankruptcy case. The mass merchant finally signed an asset purchase agreement with the majority of its debtor-in-possession and first-lien lenders and its two largest landlords, Brookfield Asset Management and Simon Property Group, paving the way to complete a sale by early December. “Signing a…

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