The situation at troubled retailer JCPenney got more serious as the company missed a $12 million debt payment due Wednesday. The company said that it has a 30-day grace period to make the payment.
About five years after JCPenney filed for bankruptcy, a Boston private equity firm will pay $947 million for 119 JCPenney stores. The all-cash sale of 119 JCPenney properties to an affiliate of Onyx ...
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