Reuters revealed that a big portion of J.C. Penney’s looming debt was the legacy of a loan tapped years ago after Penney replaced a former CEO. The report comes after Reuters exclusively reported that J.C. Penney had hired advisers to explore a debt restructuring that would buy more time for the money-losing U.S. retailer to forge a turnaround.
Reuters offers in-depth look at J.C. Penney’s debt haunting its turnaround bid
06 August 2019, 12:00 am. 1 minute
Type: Reuters Best
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