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