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

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

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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