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Amazon reportedly weighing J.C. Penney acquisition out of Chapter 11

from MCM

Amazon reportedly weighing J.C. Penney acquisition out of Chapter 11 MCM Shortly after J.C. Penney filed its long-expected Chapter 11 application, Amazon appeared in the wings with a mind to pick up the troubled department store chain on the cheap, according to Women’s Wear Daily. This follows closely after bankruptcy filings in May by Neiman Marcus and the parent of J.Crew and Madewell, both of which are hoping to emerge from the process as trimmed-down entities. READ MORE

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