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Hail-Mary Save Could Spring JCP from Bankruptcy in October

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

J. C. Penney got its Hail Mary after all. Penney’s bankruptcy attorney Joshua Sussberg of Kirkland & Ellis told bankruptcy judge David Jones that the company was in a position to move the process to the end zone, namely reaching a deal with its two biggest landlords, Simon Property Group and Brookfield Property Partners. Though…

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