The post A zombie mall store king is born: JCPenney merging with new owner to create new company appeared first on East Idaho News.

The all-equity transaction to form Catalyst launches with $9 billion in revenue, 1,800 stores and 60,000 employees, according to a press release. JCPenney CEO Marc Rosen is leading the new company ...

JCPenney is merging with a company that owns a number of other once-bankrupt clothing stores, including Forever 21 and Brooks Brothers, to form a new company that will hold significant sway over ...