Old Copper Company

Old COPPER Co., Inc. engages in the operation of retail stores of apparel, home, jewelry, and beauty merchandise. The company was founded by James Cash Penney in 1902 and is headquartered in Plano, TX.

Brookfield Property Partners

Simon Property Group

The deal to rescue decimated J.C. Penney, one of America’s oldest retailers, seems fairly simple.

JC Penney Lives to Die Another Day

Mall owners Simon Property Group and Brookfield Property Group have an agreement to buy JCPenney out of bankruptcy, the companies said Wednesday.

Mall owners set to buy JCPenney out of bankruptcy

PLANO, Texas--(BUSINESS WIRE)--J.C. Penney Company, Inc.

JCPenney Reaches Agreement in Principle with Brookfield Property Group and Simon Property Group to Acquire Retail and Operating Assets

The struggling retailer has apparently signed a tentative deal to be rescued by landlords and creditors.

Report: J.C. Penney Reaches Agreement to Stay Afloat

Mall owners Simon Property Group (NYSE: SPG) and Brookfield Property Partners (NASDAQ: BPY) are close to acquiring mall retailer J C Penney Company Inc (OTC: JCPNQ) and its 650 stores.

Mall Owners Simon, Brookfield Property Jump In To Save JC Penney

Real estate companies Simon Property Group Inc. (NYSE:SPG) and Brookfield Property Partners LP (NASDAQ:BPY) announced on Wednesday that they are close to rescuing J.C.

Simon and Brookfield Partners Set to Rescue J.C. Penney

The deal for the company’s retail business will keep a number of locations open and is likely to save tens of thousands of jobs.

J.C. Penney Avoids Liquidation in Sale to Mall Operators Simon and Brookfield

J.C. Penney’s landlords reached a tentative deal to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70,000 jobs and represented one of the most significant business collapses following the coronavirus pandemic, a company lawyer said during a brief court hearing Wednesday. Mall owners Simon Property Group.

J.C. Penney’s landlords strike deal to rescue it from bankruptcy

J.C. Penney Co Inc has a colorful history as one of America's most recognizable department store chains, but a failure to counter the shift to online shopping hammered its business in recent years, with COVID-19 pandemic finally pushing it to the brink of collapse.

Factbox: J.C. Penney's history, from "Golden Rule" start to COVID-era bankruptcy

The bankrupt department store chain J.C. Penney is expected to be rescued by its landlords, mall owners Simon and Brookfield.

Mall owners Simon, Brookfield set to rescue J.C. Penney from bankruptcy in $800 million deal

J.C. Penney Co Inc's landlords are nearing a deal to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70,000 jobs and represented one of the most significant business collapses following the coronavirus pandemic, people familiar with the matter said.

Exclusive: J.C. Penney on cusp of rescue deal with landlords

The company reported an operating profit of $47 Million in June but an operating loss of $266 Million in July. That huge swing likely suggests lack of wanted merchandise.

JCPenney’s﻿﻿ Future Is In Doubt

The holiday season is approaching quickly, and the ailing department store chain's fate is still up in the air.

J.C. Penney on the Brink After Sale Talks Stall

As the retailer’s fate comes down to the wire, it appears it may end up being owned by its lenders: it could do worse

A Penney Saved Is A Penney Gained

PLANO, Texas--(BUSINESS WIRE)--JCPenney and the Shaquille O'Neal Foundation partner to kick off the JCPenney "Ready for Anything Challenge" by virtually surprising youth.

JCPenney Surprises Students with Virtual Shaquille O’Neal Mentoring Session

A lawyer for the troubled retailer revealed the collapse of negotiations in a court proceeding on Monday.

Sale Negotiations Between J.C. Penney, Landlords Break Down

J.C. Penney’s talks with landlords for a rescue from bankruptcy proceedings reached an impasse, pushing the department store to the brink of collapse unless it can reach a deal within days to be taken over by lenders. Discussions between the Plano, Texas-based retailer and a duo of mall owners Simon Property Group and Brookfield Property.

Ailing J.C. Penney waits to be rescued as sale talks stall

J.C. Penney Co Inc’s talks with landlords for a rescue from bankruptcy proceedings reached an impasse, pushing the department store to the brink of collapse unless it can reach a deal within days to be taken over by lenders.

J.C. Penney sale talks stall, pushing retailer to brink

Bankrupt retailer J.C. Penney Co. JCPNQ, -14.59% has hit a stalemate in talks with bidders and is now proposing selling its assets to top lenders including H/2 Capital Partners LLC, giving them equity in exchange for their debt, the Wall Street Journal reported on Monday.

Bankrupt retailer J.C. Penney plans to sell assets to lenders after talks with other bidders stall: WSJ

J.C. Penney filed for Chapter 11 bankruptcy protection on May 15, weighed down by debt and battered by the coronavirus pandemic.

JC Penney hits 'stalemate' with potential buyers. Lenders to make bid for department store in bankruptcy

J.C. Penney Has $1.48 Billion In Cash And Over $300 Million In Credit Card Revenue, Are They Really Insolvent?

News for Old Copper Company Stock (JCPNQ)