Plano’s JCPenney and a retail company called Sparc Group announced a merger to form a new company in the market. The company, ...

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Sparc Group, the parent company of Forever 21 and Aéropostale, announced it merged with JCPenney to create a new company called Catalyst Brands.

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The new company, which is exploring its strategic options for Forever 21, is being led by Marc Rosen and expects to grow the ...