JCPENNEY SOLD 119 STORES IN NEARLY $1B DEAL, INCLUDING ONE IN EL PASO. WHAT TO KNOW
https://s.yimg.com/ny/api/res/1.2/Xl2_Dx1mvS.nKaYrtU8aJQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03Njg-/https://media.zenfs.com/en/the-el-paso-times/dccb964e1e81261fd8412f42bc735bbe
✍️ JCPenney has sold 119 stores, including 21 in Texas, to a private equity firm for nearly $1 billion, as part of a deal to pay off creditors.
👉 JCPenney sold 119 stores to a private equity firm for nearly $1 billion 👉 21 stores in Texas are part of the deal 👉 The stores being sold are currently operational 👉 The sale will distribute between $928 million and $932 million to JCPenney creditors
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