https://www.bloomberg.com/news/articles/2020-08-05/j-c-penney-lender-group-seeks-higher-bids-from-potential-buyers
Remember how Sussberg (JCP's attorney in bankruptcy) insisted that liquidation wasn't even being considered? This little nugget proves otherwise. I bet that some of these lenders are ready to pull the trigger on liquidation, hence the effort to increase the bids.
& Sephora is about to pull out. The shelves are empty in there and they aren’t sending new product either.
They sure are going to sell it. The lenders are being picky because they want more money. They should just take the deal from belk/sycamore.
They are lying to everyone. Jill didn’t get a few million dollar bonus for nothing. It’s a severance package. I’ve been reading every article since April. It’s really sad how all their employees don’t stay informed. Vendors aren’t sending product because they are demanding payment first.
Agreed! Funny how we are told one thing and how absurd these rumors are, then the rumors come to fruition. I just shake my head most days.