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ESTÉE LAUDER COMPANIES
Director of Business Process Outsourcing Vendor Management - Onesource
Permanent · New York
ESTÉE LAUDER COMPANIES
Keyholder - Cosmetics Company Store - 20 Hrs - Waterloo Premium Outlets - Finger Lakes,ny
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ESTÉE LAUDER COMPANIES
Edm Business Solutions Manager Customer/Pricing
Permanent · Melville
ESTÉE LAUDER COMPANIES
Edm Business Solutions - Director Customer/Pricing Master
Permanent · Melville
ESTÉE LAUDER COMPANIES
Keyholder - Cosmetics Company Store - 20 Hrs - st. Louis Premium Outlets - Chesterfield, mo
Permanent · Chesterfield
L'OREAL GROUP
Director Ecommerce - Global Digital
Permanent · New York
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Packaging Operator ii
Permanent · North Little Rock
L'OREAL GROUP
Analyst/sr. Analyst, Finance (Supply Chain - Cranbury dc)
Permanent · Cranbury
VICTORIA'S SECRET
District Manager - Victoria’s Secret - West New York State
Permanent · Buffalo
BATH & BODY WORKS
Senior Manager, Human Resources Stores - Bath & Body Works - Columbus, oh
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VICTORIA'S SECRET
Manager, Product Safety
Permanent · New York
CENTRIC BRANDS
Manager, Fabric R&D (Joe's Jeans And Hudson Jeans)
Permanent · Los Angeles
CENTRIC BRANDS
Manager, Production - Sleepwear
Permanent · New York
CENTRIC BRANDS
Senior Vice President (Svp), Marketing
Permanent · New York
CENTRIC BRANDS
Sales Operations Coordinator
Permanent · New York
CENTRIC BRANDS
Account Executive - Robert Graham
Permanent · Los Angeles
CENTRIC BRANDS
Manager, Basis And Security
Permanent · Greensboro
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Nampa
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Raleigh
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Hilliard
ULTA BEAUTY, INC.
cO-Sales Manager
Permanent · Oak Brook
SALLY BEAUTY CORPORATE
District Manager
Permanent · Houston
By
Reuters API
Published
Nov 10, 2020
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J.C. Penney rescue deal approved in bankruptcy court

By
Reuters API
Published
Nov 10, 2020

A U.S. judge on Monday approved a deal to rescue J.C. Penney Co Inc from bankruptcy proceedings precipitated by the coronavirus pandemic, averting a liquidation that would have put the beleaguered department store chain out of business and jeopardized tens of thousands of jobs.


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The U.S. Bankruptcy Court for the Southern District of Texas approved the deal, which will allow the 118-year-old retailer to emerge from bankruptcy before the upcoming holiday season, the company said in a statement. The rescue deal is expected to save approximately 60,000 jobs.

The transaction contains multiple parts. Lenders led by H/2 Capital Partners will forgive $1 billion in debt in exchange for 160 properties and six distribution centers. Mall operators Simon Property Group and Brookfield Property Partners will acquire the company's slimmed-down retail operations for $1.75 billion (1.33 billion pounds) in cash and debt.

The sale approval comes a week after J.C. Penney's lawyers announced a settlement with nearly all of its creditor groups that locked in support for the sale and marked a turning point in a bankruptcy case that has been marked by inter-lender fighting. However, a group of equity holders – whose investments will be wiped out – remained opposed to the deal.

J.C. Penney filed for bankruptcy in May with nearly $5 billion in debt. The company was one of several retailers, including J. Crew Group Inc, Neiman Marcus Group and Brooks Brothers that sought Chapter 11 protection amid the coronavirus pandemic.

James Cash Penney launched the company in 1902, opening the first store in Wyoming. J.C. Penney went public in 1929 and over the next several decades became ubiquitous across the United States. The business began to stumble in recent years as online commerce took a toll on traditional brick-and-mortar retail.

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