JCPN HUGE-HUGE NEWS Authentic Brands eyes joining J.C. Penney rescue - MY VIEW - JCPNQ Stock to SOAR ON 8/14/2020 THEN POTENTIALLY MORE BIDS
Sep. 12, 2020 9:09 AM ETSimon Property Group, Inc. (SPG)By: Clark Schultz, SA News Editor1
Authentic Brands may join Simon Property Group (NYSE:SPG) and Brookfield Property Partners (NASDAQ:BPY) in a rescue of J.C. Penney Company (OTCPK:JCPNQ), according to Business Insider.
A deal would allow the new owners to fill J.C. Penney's stores with Authentic's chains like Forever 21, Nine West and Jones New York.
Authentic Brands has partnered with Simon Property Group and Brookfield Property Group on other acquisitions in the past, including for Aeropostale.
There are still some brave souls trading the remnants of once-venerable J.C. Penney.[/b]
