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JCPenney filed for bankruptcy, Forever 21 was bought out of bankruptcy in 2020. Authentic Brands, which owns more than 50 consumer brands and the likeness rights or estates of celebrities such as ...
JCPenney said Thursday it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain. The money is going toward ...
JCPenney is merging with a company that owns a number of other once-bankrupt clothing stores, including Forever 21 and Brooks Brothers, to form a new company that will hold significant sway over ...
Why JCPenney is reinvesting a billion dollars into its business. JCPenney’s CEO on what it takes to bring an iconic American brand ‘back to relevance’ Skip to main content
Catalyst Brands LLC is a parent company formed in 2025 by the merger of SPARC Group and JCPenney. [1] [2] SPARC Group brands include Aéropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brand Jeans, and Nautica. [3] [4] [5] JCPenney CEO Marc Rosen is leading Catalyst Brands. [6] [7
JCPenney CEO Marc Rosen sees plenty of evidence that working-class families are struggling.
JCPenney was founded in 1902 as a group of dry goods stores that James Cash Penney managed as part of the Golden Rule chain, and incorporated under his own name in 1913. The stores initially located in downtown areas but shifted to shopping malls during the 1960s.
A new benefit will go into effect Tuesday for employees at the store level, corporate office and supply chain centers.