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950 million dollar deal for JCPenney store portfolio falls through

A planned deal to sell 119 JCPenney locations to a private equity firm has fallen through. The 950 million dollar deal was initially introduced when the retail chain entered bankruptcy proceedings in 2020. Investment firm Onyx Partners had stepped up to acquire the stores from Copper Property CTL Pass Through Trust. The trust had been formed at...

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Why ultra-fast fashion's 'cheap' argument is a consumer 'scam'

Paris - The French state's fight against Shein and other e-commerce giants is initially “symbolic” and “regulatory”. However, it must be coupled with a “cultural strategy” to confront platforms that sell clothing and, above all, “instagrammable emotions”. This is according to Benoît Heilbrunn, a philosopher and marketing professor. “Shein's...

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