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JCPenney Completes Bankruptcy Sale. Here’s What Next.

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Mass merchant JCPenney says its no longer operating under the constraints of bankruptcy court protection. The business was sold by bankrupt J.C. Penney Co. Inc. to its two major landlords, Simon Property Group and Brookfield Asset Management. The company already secured bankruptcy court approval on Nov. 9. “We have always been firm believers in JCPenney,…

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