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The Independent UK
The Independent UK
Amber Raiken

JCPenney sold 119 stores as part of $1 billion deal — see the full list of locations

JCPenney Catalyst Brands Marc Rosen United States

More than 100 JCPenney stores across the U.S. are set to be purchased by a private equity firm for nearly $1 billion.

Five years after the retailer filed for bankruptcy, Copper Property CTL Pass Through Trust announced the all-cash sale of 119 JCPenney properties in a press release July 25. The offer was made by an affiliate of Onyx Partners, Ltd, a private equity firm based in Boston, Massachusetts.

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