Once a mall staple and a go-to department store for generations of families since 1902, JCPenney has endured turbulent years marked by bankruptcy, mass store closures, and restructuring efforts. Now, as the retailer continues its long road to recovery, another major setback has emerged. In July 2025, JCPenney entered into a $947 million all-cash deal with private equity firm Onyx Partners Ltd., agreeing to transfer the ownership of 119 store locations. The deal was executed through Copper Property CTL Pas ...