JCPenney, a department store chain owned by Simon Property Group (NYSE:SPG) and Brookfield Asset Management (NYSE:BAM), has merged with SPARC Group to form a new company called Catalyst Brands. The joint venture will house SPARC's brands Aéropostale,

Sparc Group, the operator of fashion brands including Lucky, Eddie Bauer, Aeropostale ... bankruptcy protection in 2020 and was acquired by Simon Property and Brookfield Asset Management Inc., another mall owner, for $800 million.

Sparc Group, the parent company of Forever 21 and Aéropostale, announced it merged with JCPenney to create a new company called Catalyst Brands.

Eddie Bauer and a handful of other brands are under the same umbrella as JCPenney after a merger between retail groups.

Brookfield Asset Management Ltd. Cl A closed C$2.02 below its 52-week high of C$84.17, which the company achieved on December 11th.

Mark Carney, the chair of Brookfield Asset Management’s board of governors, is leaving the firm to chase a role as the head of Canada’s government.

JCPenney has weathered a bankruptcy, store closings and a CEO straight out of Silicon Valley — all followed by continual revenue declines. Now, the storied company is getting another shot

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the ...

Six retail stores – one of which still has a presence in the Chautauqua Mall – are merging to form a new organization. JCPenney and the SPARC Group are forming Catalyst Brands. Other SPARC Group brands include Aeropostale,

The new Catalyst Brands has over $9 billion in revenue, 1,800 store locations, 60,000 employees and $1 billion of liquidity. The combined organization is a joint venture formed in an all-equity transaction between JCPenney and Sparc, with shareholders Simon Property Group, Brookfield Corporation, Authentic Brands Group and Shein.

Plano’s JCPenney and a retail company called Sparc Group announced a merger to form a new company in the market. The company, called Catalyst Brands,

Known as Catalyst Brands, the new company includes Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand, Nautica and JCPenney. The joint venture was formed in an all-equity transaction between JCPenney and Sparc Group, with shareholders Simon Property Group, Brookfield Corporation, Authentic Brands and fast fashion company Shein.