WSJ: Penney Working With AlixPartners on Cost Savings
The Wall Street Journal reported, citing people familiar with the matter that J.C. Penney is working with turnaround firm AlixPartners to help identify cost savings and manage cash flow as the retailer pursues a new loan to shore up its finances.
The Journal noted, according to the people, that AlixPartners is focused on ways to save money and are not pursuing a broad turnaround or restructuring plan for the company.
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Previously on abfjournal.com: