Mall owners set to buy JCPenney out of bankruptcy

[52]

Mall owners Simon Property Group and Brookfield Property Group have an agreement to buy JCPenney out of bankruptcy.
The companies said on Wednesday. 
They intend to acquire " substantially all of JCPenneys retail and operating assets" for $1.75 billion with a combination of cash and debit the companies said. 

https://www.cnn.com/2020/09/09/business/...index.html

[52]

Yeah!!!

Good clothes and shoes etc....

Bring it back damn it !!
:)

[user328]

So their strategy to keep the malls open is to own their own anchor stores. Clever.

[52]

And saves 70,000 jobs!