J.C. Penney Plans To Exit Chapter 11 Bankruptcy By Holiday Season

first_imgWNY News Now File Image.LAKEWOOD – J.C. Penney is making progress with its financial woes.CEO Jill Soltau says the retailer hopes to break out of Chapter 11 Bankruptcy before the 2020 holiday season.The company has filed a draft asset purchase agreement, which breaks down the terms of the previously announced letter of intent to sell the company.Brook, Simon, and first lien lenders are all working toward finalizing negotiations. J.C. Penney is among the many retailers who have been struggling since the start of the COVID-19 pandemic.This year the retailer closed hundreds of stores nationwide. So far the Chautauqua Mall location in Lakewood has been spared from the closures. Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window)last_img read more

Rohit Sharma appointed as the brand ambassador of LaLiga

first_imgAdvertisement 49olNBA Finals | Brooklyn Vs41jxWingsuit rodeo📽Sindre Er9( IG: @_aubreyfisher @imraino ) uhd1Would you ever consider trying this?😱fCan your students do this? 🌚7gmkrRoller skating! Powered by Firework Explosive India opener and football aficionado, Rohit Sharma, has joined hands with LaLiga – Spain’s top division football league as its brand ambassador in India. He is the first non-footballer in the history of the league to have signed the dotted line with them. Rohit comes on-board following a series of major initiatives by LaLiga in India since 2017. #LaLiga #RohitSharma #EPLAdvertisement Advertisementlast_img