One JCPenney store in Oregon is set to be sold as part of a nearly $1 billion deal with a private equity firm.
PORTLAND, Ore. — JCPenney will sell 119 stores, including one in Oregon, five years after declaring bankruptcy as part of a $947 million deal with a Boston private equity firm.
The all-cash deal to an affiliate of Onyx Partners, Ltd. was announced last Friday and is expected to close Sept. 8, USA Today reported.
JCPenney recently closed seven stores across the U.S., but none in Oregon. It was the latest round in store closing after JCPenney shuttered over 200 locations in
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