American department store JC Penney has filed for bankruptcy becoming the latest company to be hit by Covid-19. The 118-year-old store sells clothing, cosmetics and jewellery at over 850 locations ...

the entity formed after JCPenney's 2020 bankruptcy proceedings. The trust was created in 2021 to sell 160 stores and a half-dozen industrial properties to help reimburse the retailer's investors.