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J.C. Penney Nears End of Bankruptcy Options Without a Deal

Bids for J.C. Penney's Retail Business Reach a Stalemate, Chain's Attorney Says
J.C. Penney has been shopping its retail operating company to three bidders, but those negotiations have stalled. (Getty Images)
J.C. Penney has been shopping its retail operating company to three bidders, but those negotiations have stalled. (Getty Images)
CoStar News
August 31, 2020 | 7:54 P.M.

Department store retailer J.C. Penney said it has reached a stalemate in its bankruptcy process weeks after a deal was expected to close soon for its retail operating business.

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News | J.C. Penney Nears End of Bankruptcy Options Without a Deal