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JCPenney and SPARC Group merge to form Catalyst Brands, aiming to revitalize mall fashion brands.
JCPenney and SPARC Group, which owns brands like Aéropostale and Brooks Brothers, have merged to form Catalyst Brands.
The new company, led by former JCPenney CEO Marc Rosen, has $9 billion in revenue, 1,800 stores, and 60,000 employees.
It aims to leverage synergies through cost reduction, cross-marketing, and talent sharing to revitalize struggling mall brands.
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JCPenney y SPARC Group se fusionan para formar marcas Catalyst, con el objetivo de revitalizar las marcas de moda de centros comerciales.