Plano-based JCPenney and New York’s SPARC Group—a joint venture of Authentic Brands Group, e-retailer Shein, and Simon Property Group—have formed a new company called Catalyst Brands.
The merger joins Authentic’s brands Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand, and Nautica with JCPenney and its exclusive private brands including Arizona, Stafford, and Liz Claiborne, the companies said....