Authentic Brands, one of the most active bidders on bankrupt retail, is joining a deal to take over J.C. Penney. The New York-based brand management company is reportedly in discussions with Simon Property Group and Brookfield Property Group to participate in their plan to rescue J.C. Penney, according to Business Insider. Simon and Brookfield have agreed to buy the department store chain out of bankruptcy in a deal valued at $1.75 billion. A spokesperson for
source https://therealdeal.com/2020/09/14/authentic-brands-in-talks-with-simon-brookfield-for-j-c-penney-takeover/
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