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Sycamore Said to Be in Hot Pursuit of Penney’s

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After walking away from a planned deal to buy a majority stake in ailing lingerie brand Victoria’s Secret, Sycamore appears to have found a new acquisition target in bankrupt J. C. Penney. If Sycamore prevails, the New York-based private equity firm could augment its department store presence, which already includes Belk. But the mass merchant…

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