JC Penney liquidation 'not in the cards,' retailer moves toward a sale

Bankrupted J.C. Penney is moving forward with a sale that should be completed by this fall, attorney Joshua Sussberg of Kirkland & Ellis said during a court hearing Wednesday afternoon.
Bankrupted J.C. Penney is moving forward with a sale that should be completed by this fall, attorney Joshua Sussberg of Kirkland & Ellis said during a court hearing Wednesday afternoon.

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JC Penney liquidation 'not in the cards,' retailer moves toward a sale