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JCPenney to Combine With SPARC Group, Forming Catalyst Brands
- Client News
- January 8, 2025
Paul, Weiss is advising JCPenney in its all-equity combination with SPARC Group to form a new organization, Catalyst Brands, with shareholders Simon Property Group, Brookfield Corporation, Authentic Brands Group and Shein. Under the terms of the transaction the joint venture brings together SPARC Group’s brands Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica with JCPenney and its exclusive private brands, including Stafford, Arizona and Liz Claiborne.
The Paul, Weiss team is led by corporate partner Ted Ackerman and includes partner Cullen Sinclair and counsel Justin Fraterman; tax partners Scott Sontag and Reuven Garrett; executive compensation partners Lawrence Witdorchic and Reuven Falik; real estate partner Salvatore Gogliormella; intellectual property partner Claudine Meredith-Goujon; antitrust partner Yuni Sobel and counsel John Magruder; and litigation counsel Audrey Paquet.