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J.C. Penney to Get Holiday Wish: New Owners and Bankruptcy Exit

Consumers are shopping and denim is poised to be their go-to. Join Rivet tomorrow at 11 am ET for a roundtable with Diesel, Tenue de Nimes, Isko, NPD and Cotton Incorporated to discuss how denim can position for dominance in the new normal.

Mass merchant J.C. Penney Co. Inc. on Tuesday got the verbal nod from the bankruptcy court for confirmation of its plan of reorganization. The retailer’s disclosure statement was approved as well. A final order still needs to be signed by U.S. Bankruptcy Judge David Jones in Corpus Christi, Tex. There was a delay in the…

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