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Updated : 3 years, 4 months ago IST
The company, plus its subsidiaries filed for Chapter 11 bankruptcy protection with a US court on Thursday.
Updated : 6 years ago IST
New York [USA], May 16 (ANI): The 118-year-old department store chain JC Penny has been pushed into Chapter 11 bankruptcy due to falling sales amid the coronavirus pandemic, the fourth major US retailer to meet that fate.