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J.C. Penney Files for Bankruptcy and Will Put Itself Up for Sale

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

J.C. Penney filed for bankruptcy Friday evening after weeks of rumored speculation and crushing store closures. The department store company is now under bankruptcy court supervision after entering into a restructuring support agreement with some of its lenders and securing debtor-in-possession financing that requires the retailer to see if it can attract a buyer. JCP,…

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