JCPenney's store operation is now owned by Simon, Brookfield and ABG. However problems of PropCos. have not been resolved.
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JCPenney - Wikipedia
J.C. Penney Files for Bankruptcy, Closing Some Stores - The New
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JC Penney sees bankruptcy protection exit by Christmas
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JCPenney emerges from Chapter 11 — Financier Worldwide
J.C. Penney store closings: Retailer files for Chapter 11 bankruptcy
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Department store chain J.C. Penney files for Chapter 11 bankruptcy