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The New York Post: Private-equity firm Sycamore poised to buy J.C. Penney, merge it with North Carolina chain Belks; Penney brand likely to vanish

28 Jul 2020

The private-equity firm that backed out of a deal to buy Victoria’s Secret in the midst of the coronavirus pandemic appears poised to win an auction to buy J.C. Penney out of bankruptcy, according to New York Post reporting.


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