The guide shares details about Who Owns Jc Penny and key people and the companies behind it.
With the trade name, JC Penny is the midscale departmental store chain famous amongst buyers in the United States and Canada. Despite being a popular departmental store, many consumers are not familiar with the owner and founder of the store.
Many people are wondering and want to know who really controls and owns J.C Penny Company Inc. If you also want to know who controls the department chain, you need to check the makeup of its share registry.
There are many shareholders of the company, and we are here to find Who Owns Jc Penny.
What is JC Penny?
Penney OpCo LLC, formerly known as J.C Penny Company Inc or JC Penny, is the midscale American departmental store chain operating in over 689 locations across 49 states. The store sells conventional merchandise, fine jewelry, salon services, and more.
The company houses different leased departments, including portrait studios, optical centers, and Seattle’s Best Coffee. A majority of the stores are situated in suburban shopping malls.
The first store was founded on 14th April 1902 by James Cash Penney and William Henry McManus. It is headquartered in Texas. In 2020, the store filed bankruptcy, and it was purchased by Brookfield Asset Management and Simon Property Group for $800 Million in debt and cash.
Who Owns Jc Penny – Let Us Find!
The key people of the retail chain are Ronald Tysore (Chairman), Marc Rosen CEO, Bill Wafford CFO, and Shawn Gensch CCO. The store specializes in clothing, cosmetics, footwear, electronics, toys, jewelry, furniture, and appliances.
The retail chain is a small-cap stock company with many shareholders with a huge market capitalization.
Below you will find a list of companies and institutions that own shares. So, look at the makeup of its share registry to know Who Owns Jc Penny.
- Soltau – $9.4 Million Shares
- Ronald Tysoe purchased a share of 1 352 128
- The Vanguard Group Inc – 5.56% Share worth $17 783 906
- Newport Trust Co – 4.97% Share worth $15 920 924
- D.E Shaw & Co LP – 3.35% Share Worth $10 726 562
- SSaA Funds Management Inc – 2.87% Share Worth $9 166 546
These are some of the company’s shareholders who own part-share of the retail chain. You may also check online for a full list of shareholders in the company.
Is JC Penny a Fortune 500 Company?
Since you know Who Owns Jc Penny, let us know if the company is listed on Fortune 500 Company List.
JC Penny operates from Texas, and it sells different appeals, appliances, and other household products. It operates from over six hundred locations with a huge customer base.
With over 95K employees and working staff, the company has secured a place on the Fortune 500 Company List. It has been ranked at #25 on the list. However, the ranking is subject to change, and hence you must check online for further details.
Conclusion
JC Penny has a huge customer base, and most consumers are not sure Who Owns Jc Penny. So, to know who owns the retail chain, you have to check the creation of the share registry.
Do you have any updates on the shareholders of JC Penny? Please, share it in the comment box below.
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Jorden Smith is a passionate writer and researcher with a knack for exploring news and website reviews. With a keen eye for detail and a love for uncovering hidden gems, Jorden’s work is always thorough and informative. When not busy writing, Jorden enjoys traveling and discovering new places. Stay tuned for more insightful articles from this up-and-coming writer.