Brookfield Property Partners and Simon Property Group, the biggest mall owners in the United States and also Authentic Brands Group LLC are in talks to acquire bankrupt department-store chain JC Penney.
”Following entry of an order at the June 11, 2020, hearing with the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, Texas, store closing sales will begin at 154 locations,” said the company in a statement.
