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Penney’s Options Drying Up, What’s Next?

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Unable to get a deal done with three potential bidders for the operating company of bankrupt J.C. Penney Co. Inc., lenders are looking at a credit bid for the retailer. “We are going to do everything humanly possible to ensure [J.C. Penney] will be around for the foreseeable future,” Joshua Sussberg, the retailers’ attorney at…

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