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

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

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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