Tuesday, May 5, 2020

J.C. Penney files suit as Sephora looks to exit department store chain

Chain Store Age
J.C. Penney filed a temporary restraining order against Sephora in an attempt to prevent the LVMH-owned beauty giant from closing its in-store shops in J.C. Penney stores, some of which are being reopened, reported CNBC.

Sephora and Penney have had a joint enterprise operating agreement since Feb. 1, 2009. Sephora is Penney’s only beauty partner. There are about 600 in-store Sephora shops In Penney. Sephora reportedly wants to end the contract in April 2021, according to the Dallas Morning News. . . . more