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J.C. Penney Misses Out on 3,300% Rally as Dumped Asset Skyrockets

Lojas Renner SA, the Brazilian retailer that J.C. Penney divested in 2005 for $230 million, is now worth $7.9 billion, as shoppers continue to buy in brick-and-mortar stores.
Lojas Renner store in Brazil
Lojas Renner store in Brazil | Source: Shutterstock (Shutterstock)
By
  • Bloomberg

RIO DE JANEIRO, Brazil

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