JCPenney is combining with the owner of fellow shopping mall staples Aéropostale and Lucky Brand after a merger of two brand portfolios in an all-equity transaction Wednesday.
JCPenney has merged with the owner of several retail brands to create a brand new company. On Jan. 8, JCPenney merged with SPARC Group, the owner of the following companies: Through the merger, JCPenney and SPARC Group created Catalyst Brands.
The longtime local retailer and Sparc Group announced they have combined to form Catalyst Brands and will cover several brands: Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica with JCPenney and its exclusive private brands, including Stafford, Arizona and Liz Claiborne.
Sparc was formed in 2016 by Simon, Brookfield and Authentic Brands Group, and fast fashion retailer Shein was brought in as a minority owner in 2023.
It remains to be seen if merchandise bearing the names of brands like Aeropostale, Eddie Bauer and Nautica, all now aligned with JCPenney, will make their way into JCPenney stores.
The parent company of fashion retailer Forever 21 has merged with JCPenney to form a brand new company called Catalyst Brands. Sparc Group, which is also over the brands Aéropostale, Brooks ...
The JCPenney stores at the Coronado Center and Cottonwood Mall are included in a portfolio of 121 JCPenney stores that hit the market this month. Newmark is listing the portfolio on behalf of Copper Property CTL Pass Through Trust, according to its website.
Both JCPenney locations in Albuquerque are among more than a hundred stores that are up for sale as a part of the retailer's bankruptcy plan.
DAYTON, Ohio (WDTN) — JCPenney has merged with the owner of several retail brands to create a brand new company. On Jan. 8, JCPenney merged with SPARC Group, the owner of the following companies ...