Reuters: Sycamore in talks to buy J.C. Penney

Private equity firm Sycamore Partners is in early talks to take J.C. Penney out of bankruptcy if the retailer’s negotiations with its creditors fail, reported Reuters. 

The department store company is also in discussions with some of its landlords, including Brookfield Asset Management Inc and Simon Property Group, about possible transactions, the report said.  (In February, the two real estate giants were among a consortium of buyers that bought bankrupt Forever 21. In 2016, Simon partnered with General Growth Properties — now owned by Brookfield — to save Aeropostale from liquidation.)
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RSK: Not sure much will work for the big 4 in retail....they will have to do a major paradigm shift and probably can`t do it in time.