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About five years after JCPenney filed for bankruptcy, a Boston private equity firm will pay $947 million for 119 JCPenney stores, including 19 of the 62 stores in California.
JCPenney is unloading 119 store properties in a $947 million deal — but not because it’s shutting them down. See the full list of stores that will be sold to pay the company's creditors.