The Daily Overview on MSN
JCPenney rescue deal implodes, 120 stores face the axe
The collapse of JCPenney's latest real estate rescue plan has pushed a fresh wave of uncertainty onto the department store's ...
A $947 million real estate transaction collapsed on December 26, 2025, leaving 119 JCPenney store locations across 35 states ...
A missed deadline to close and a dispute over a $5 million deposit are putting the retail portfolio sale in jeopardy.
An affiliate of Onyx Partners is buying 119 JCPenney stores for $947 million, with the deal expected to close on September 8. All affected stores are currently open, but it's unclear whether they will ...
Boston-area private equity firm Onyx Partners missed a Dec. 26 deadline to close on the $997M deal for 116 properties. It ...
The proposed $947 million nationwide deal would have sold the 149,608-square-foot store in Freehold and 116 other JCPenney ...
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, ...
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