Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Bankruptcy Court Approves J. C. Penney Sale

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.

Bankrupt J.C. Penney walked away from Monday’s marathon hearing with long-awaited court approval on its sale to first-lien lenders and landlords. Witness testimony emphasized the “economic reality” of Penney’s precarious financial position if the proposed sale failed to garner the court’s green light. “Our goal from the beginning of this process has been to ensure…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!