Mall owners close to buying JC Penney out of bankruptcy

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There's a plan in the works to try to save the remaining J. C. Penney stores the deal is being negotiated between shopping mall owner Simon property group and Brookfield property partners and lawyers for J. C. Penney the tentative plan to buy the ailing department store chain and save some seventy thousand jobs was announced during a bankruptcy hearing the one hundred eighteen year old panties filed for bankruptcy protection in mid may after pandemic related closures crush the already struggling retail firm hi Jackie Quinn

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