MINSK / WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of ...
Read More »JC Penney missed out on 3300% rally as dumped asset skyrockets
Bloomberg JC Penney Co. bailed on Brazil more than a decade ago. In hindsight, sticking it out would have been the smarter move. Lojas Renner SA, the Brazilian retailer that JC Penney divested in 2005 for $230 million, is now worth $7.9 billion, an increase of more than 3,300 percent. Meanwhile, the iconic American department-store chain has seen its own ...
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