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J.C. Penney denies hiring in-court restructuring advisers but still at the crossroads
New York – Earlier this month Reuters cited sources close to the matter, reporting that the retailer "hired advisers to explore debt restructuring options." The report, which cited people "familiar with the matter," called the move a "high-stakes attempt to get its financial house in order". Responding to the news, J. C. Penney Company, Inc....
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