In which year did JCPenney file for Chapter 11 bankruptcy protection?
2018
2019
2020
2021
Answer
JCPenney filed for Chapter 11 bankruptcy protection in May 2020. In September 2020, Brookfield Asset Management and Simon Property Group agreed to purchase the company for around $800 million in cash and debt.
JCPenney Jamboree: Unravel the Retail Giant's Secrets in This Exciting Quiz!