Near $1B deal to buy J.C. Penney stores after bankruptcy filing falls through

Near $1B deal to buy J.C. Penney stores after bankruptcy filing falls through

A near $1 billion deal that would see the sale of more than 100 J.C. Penney locations has fallen through, according to court filings. The filing stated that if Boston-based prospective buyers Onyx Partners, Ltd., did not close the transaction by Dec. 26, the agreement for the purchase would terminate.

JCPenney reveals an unexpected update about the future of 119 stores

Once a mall staple and a go-to department store for generations of families since 1902, JCPenney has endured turbulent years marked by bankruptcy, mass store closures, and restructuring efforts. Now, as the retailer continues its long road to recovery, another…