America’s biggest mall operator gets go-ahead for $1.75bn JCPenney deal

America’s biggest mall operator gets go-ahead for $1.75bn JCPenney deal

Nov 11, 2020

523 Views

0 comments

In a deal that could save 60,000 jobs, permission has been given to Simon Property Group, America’s biggest mall owner, and Brookfield Asset Management to buy US department store chain JCPenney out of bankruptcy for $1.75 billion. The department store chain had over 800 stores and it employed over 90,000 people. To know the details about the deal, click here

Previous days news

Comments

    Article
    Why Work With Staffing Agencies To Hire Your Temporary Workers

    Recruitment is getting more challenging day by day. Layers of complexities have emerged with the pa ...

    The Future of Gig Employment

    There’s no denying that the gig economy has seen much growth since the last recession. With the spr ...

    Tips To Help You Create A Robust Hiring Strategy For 2021

    While employment is steadily rising in all sectors, the fear of COVID-19 still reigns supreme. As t ...

    Gig Economy and Its Impact on Staffing Firms

    With over 20.5 million US workers losing their jobs in April 2020 during the national lockdown, man ...

    Show more news