Sycamore Partners is exploring a possible acquisition of J.C. Penney, according to a Reuters report that cited anonymous sources. A J.C. Penney spokesperson declined to comment to Retail Dive on the report.
The private equity firm — which owns Belk and Talbots, among other retail companies — is in "preliminary" talks around Penney should the department store chain fail to reach a reorganization deal with lenders, according to Reuters.. . . more