29 Jul Sycamore Positioned To Buy J.C. Penney, To Merge With Belks
J.C. Penney is reportedly close to accepting a $1.75 billion bid from Sycamore Partners to acquire the company in an auction in bankruptcy court. Sycamore intends to merge Penney with Belks, which operates 300 department stores mostly in the South. While the deal is still subject...