What the sale of over 100 JCPenney stores means for the company | The IndependentNotifications can be managed in browser preferences.Jump to contentIndependentNext articleIndependent Bulletin homepageSocial PartnerWe are 8 logo (opens in a new tab)AllNewsSportCultureLifestyleAmber RaikenThursday 31 July 2025 01:10 BSTJCPenney merges with Sparc GroupAn affiliate of Onyx Partners, a private equity firm, is set to acquire 119 JCPenney properties for $947 million.The transaction, announced by Copper Property CTL Pass Through Trust, is expected to close on or before September 8, 2025.Despite the sale, all 119 JCPenney stores involved will continue to operate as usual, with no impact on customer service.The sale comes five years after JCPenney filed for Chapter 11 bankruptcy during the Covid-19 pandemic.Earlier this year, JCPenney merged with SPARC Group to create Catalyst Brands, an organization of six major retailers.In fullJCPenney sold 119 stores as part of $1 billion deal — see the full list of locationsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in