J.C. Penney to Beg for Free Rent
Bankrupt mall anchor J.C. Penney plans to ask its landlords for free rent.
Bankrupt mall anchor J.C. Penney plans to ask its landlords for free rent.
The coronavirus pandemic has pushed the storied but troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate.
The company that owns Papa Gino’s pizza parlor and D’Angelo sandwich shop chains announced Monday it has closed about 95 locations throughout New England, filed for Chapter 11 bankruptcy protection and reached an agreement to sell the business.