{"id":2880,"date":"2025-01-09T05:35:00","date_gmt":"2025-01-09T05:35:00","guid":{"rendered":"https:\/\/friscotimes.org\/?p=2880"},"modified":"2025-01-09T05:35:00","modified_gmt":"2025-01-09T05:35:00","slug":"jcpenney_merges_with_sparc_group_forms_plano-based_catalyst_brands-html","status":"publish","type":"post","link":"https:\/\/friscotimes.org\/?p=2880","title":{"rendered":"JCPenney merges with SPARC Group, forms Plano-based Catalyst Brands"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n\t\t\t\tPlano-based <a href=\"https:\/\/www.jcpenney.com\/\" target=\"_blank\" rel=\"noopener\">JCPenney<\/a> and SPARC Group merged to launch <a href=\"https:\/\/www.catalystbrandsinc.com\/\" target=\"_blank\" rel=\"noopener\">Catalyst Brands<\/a>, according to a Jan. 8 <a href=\"https:\/\/corporate.jcpenney.com\/2025\/01\/08\/sparc-group-has-merged-with-jcpenney-to-form-catalyst-brands\/\" target=\"_blank\" rel=\"noopener\">news release<\/a>.<\/p>\n<p>The new company, which includes $9 billion in revenue at launch, 60,000 employees and over 1,800 store locations, will operate out of JCPenney\u2019s Plano headquarters. In addition to JCPenney and its private brands, Catalyst Brands will include Aeropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica, according to the news release.<\/p>\n<p>\u201cCatalyst Brands brings together the rich heritage of six unique brands with modern energy and a new vision for success,\u201d Catalyst Chief Executive Officer Marc Rosen said in the news release. \u201cThe word \u2018catalyst\u2019 reflects our drive to accelerate innovation and energy and amplify the impact of this powerhouse portfolio. Together, we bring scale, expertise and broad appeal to customers across America.\u201d<\/p>\n<p><strong>The details<\/strong><\/p>\n<p>The Catalyst Brands organization was created through an all-equity transaction between JCPenney and SPARC Group, with shareholders <a href=\"https:\/\/business.simon.com\/\" target=\"_blank\" rel=\"noopener\">Simon Property Group<\/a>, Brookfield Corporation, Authentic Brands Group and Shein, per the news release.<\/p>\n<p>In addition to the transaction, Catalyst sold the U.S. operations of <a href=\"https:\/\/www.reebok.com\/\" target=\"_blank\" rel=\"noopener\">Reebok<\/a> and is exploring strategic options for <a href=\"https:\/\/www.forever21.com\/\" target=\"_blank\" rel=\"noopener\">Forever 21\u2019s<\/a> operations, according to the news release.<\/p>\n<p>\u201cOur relationships with more than 60 million customers and the deep data we have create a compelling consumer value proposition across our brands,\u201d Rosen said. \u201cWe can design a more personalized shopping experience, offer unified loyalty and credit card programs, and ultimately, cross-sell more effectively.\u201d<\/p>\n<p>&#8220;&gt;<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Plano-based JCPenney and SPARC Group merged to launch Catalyst Brands, according to a Jan. 8 news release. The new company, which includes $9 billion in revenue at launch, 60,000 employees&hellip;<\/p>\n","protected":false},"author":282,"featured_media":2881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[4],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JCPenney merges with SPARC Group, forms Plano-based Catalyst Brands - Frisco Times<\/title>\n<meta name=\"description\" content=\"The transaction was announced Jan. 8 with the new company launching with $9 billion in revenue, 1,800 stores and 60,000 employees.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/friscotimes.org\/?p=2880\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JCPenney merges with SPARC Group, forms Plano-based Catalyst Brands - Frisco Times\" \/>\n<meta property=\"og:description\" content=\"The transaction was announced Jan. 8 with the new company launching with $9 billion in revenue, 1,800 stores and 60,000 employees.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/friscotimes.org\/?p=2880\" \/>\n<meta property=\"og:site_name\" content=\"Frisco Times\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-09T05:35:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/friscotimes.org\/wp-content\/uploads\/2025\/01\/345161.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Connor Pittman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FriscoTimes\" \/>\n<meta name=\"twitter:site\" content=\"@FriscoTimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Connor Pittman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/friscotimes.org\/?p=2880#article\",\"isPartOf\":{\"@id\":\"https:\/\/friscotimes.org\/?p=2880\"},\"author\":{\"name\":\"Connor Pittman\",\"@id\":\"https:\/\/friscotimes.org\/#\/schema\/person\/55a683dd04ba0c242ea231c08bfdaf87\"},\"headline\":\"JCPenney merges with SPARC Group, forms Plano-based Catalyst Brands\",\"datePublished\":\"2025-01-09T05:35:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/friscotimes.org\/?p=2880\"},\"wordCount\":243,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/friscotimes.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/friscotimes.org\/?p=2880#primaryimage\"},\"thumbnailUrl\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2025\/01\/345161.jpeg\",\"articleSection\":[\"Frisco\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/friscotimes.org\/?p=2880#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/friscotimes.org\/?p=2880\",\"url\":\"https:\/\/friscotimes.org\/?p=2880\",\"name\":\"JCPenney merges with SPARC Group, forms Plano-based Catalyst Brands - Frisco Times\",\"isPartOf\":{\"@id\":\"https:\/\/friscotimes.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/friscotimes.org\/?p=2880#primaryimage\"},\"image\":{\"@id\":\"https:\/\/friscotimes.org\/?p=2880#primaryimage\"},\"thumbnailUrl\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2025\/01\/345161.jpeg\",\"datePublished\":\"2025-01-09T05:35:00+00:00\",\"description\":\"The transaction was announced Jan. 8 with the new company launching with $9 billion in revenue, 1,800 stores and 60,000 employees.\",\"breadcrumb\":{\"@id\":\"https:\/\/friscotimes.org\/?p=2880#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/friscotimes.org\/?p=2880\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/friscotimes.org\/?p=2880#primaryimage\",\"url\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2025\/01\/345161.jpeg\",\"contentUrl\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2025\/01\/345161.jpeg\",\"width\":1000,\"height\":666},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/friscotimes.org\/?p=2880#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/friscotimes.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JCPenney merges with SPARC Group, forms Plano-based Catalyst Brands\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/friscotimes.org\/#website\",\"url\":\"https:\/\/friscotimes.org\/\",\"name\":\"Frisco Times\",\"description\":\"Your Gateway to San Francisco&#039;s Stories\",\"publisher\":{\"@id\":\"https:\/\/friscotimes.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/friscotimes.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/friscotimes.org\/#organization\",\"name\":\"Frisco Times\",\"url\":\"https:\/\/friscotimes.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/friscotimes.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/06\/cropped-\u5fae\u4fe1\u622a\u56fe_20240625172131.png\",\"contentUrl\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/06\/cropped-\u5fae\u4fe1\u622a\u56fe_20240625172131.png\",\"width\":512,\"height\":512,\"caption\":\"Frisco Times\"},\"image\":{\"@id\":\"https:\/\/friscotimes.org\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/FriscoTimes\",\"https:\/\/www.instagram.com\/friscotimes\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/friscotimes.org\/#\/schema\/person\/55a683dd04ba0c242ea231c08bfdaf87\",\"name\":\"Connor Pittman\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/friscotimes.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g\",\"caption\":\"Connor Pittman\"},\"url\":\"https:\/\/friscotimes.org\/?author=282\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"JCPenney merges with SPARC Group, forms Plano-based Catalyst Brands - Frisco Times","description":"The transaction was announced Jan. 8 with the new company launching with $9 billion in revenue, 1,800 stores and 60,000 employees.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/friscotimes.org\/?p=2880","og_locale":"en_US","og_type":"article","og_title":"JCPenney merges with SPARC Group, forms Plano-based Catalyst Brands - Frisco Times","og_description":"The transaction was announced Jan. 8 with the new company launching with $9 billion in revenue, 1,800 stores and 60,000 employees.","og_url":"https:\/\/friscotimes.org\/?p=2880","og_site_name":"Frisco Times","article_published_time":"2025-01-09T05:35:00+00:00","og_image":[{"width":1000,"height":666,"url":"https:\/\/friscotimes.org\/wp-content\/uploads\/2025\/01\/345161.jpeg","type":"image\/jpeg"}],"author":"Connor Pittman","twitter_card":"summary_large_image","twitter_creator":"@FriscoTimes","twitter_site":"@FriscoTimes","twitter_misc":{"Written by":"Connor Pittman","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/friscotimes.org\/?p=2880#article","isPartOf":{"@id":"https:\/\/friscotimes.org\/?p=2880"},"author":{"name":"Connor Pittman","@id":"https:\/\/friscotimes.org\/#\/schema\/person\/55a683dd04ba0c242ea231c08bfdaf87"},"headline":"JCPenney merges with SPARC Group, forms Plano-based Catalyst Brands","datePublished":"2025-01-09T05:35:00+00:00","mainEntityOfPage":{"@id":"https:\/\/friscotimes.org\/?p=2880"},"wordCount":243,"commentCount":0,"publisher":{"@id":"https:\/\/friscotimes.org\/#organization"},"image":{"@id":"https:\/\/friscotimes.org\/?p=2880#primaryimage"},"thumbnailUrl":"https:\/\/friscotimes.org\/wp-content\/uploads\/2025\/01\/345161.jpeg","articleSection":["Frisco"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/friscotimes.org\/?p=2880#respond"]}]},{"@type":"WebPage","@id":"https:\/\/friscotimes.org\/?p=2880","url":"https:\/\/friscotimes.org\/?p=2880","name":"JCPenney merges with SPARC Group, forms Plano-based Catalyst Brands - Frisco Times","isPartOf":{"@id":"https:\/\/friscotimes.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/friscotimes.org\/?p=2880#primaryimage"},"image":{"@id":"https:\/\/friscotimes.org\/?p=2880#primaryimage"},"thumbnailUrl":"https:\/\/friscotimes.org\/wp-content\/uploads\/2025\/01\/345161.jpeg","datePublished":"2025-01-09T05:35:00+00:00","description":"The transaction was announced Jan. 8 with the new company launching with $9 billion in revenue, 1,800 stores and 60,000 employees.","breadcrumb":{"@id":"https:\/\/friscotimes.org\/?p=2880#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/friscotimes.org\/?p=2880"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/friscotimes.org\/?p=2880#primaryimage","url":"https:\/\/friscotimes.org\/wp-content\/uploads\/2025\/01\/345161.jpeg","contentUrl":"https:\/\/friscotimes.org\/wp-content\/uploads\/2025\/01\/345161.jpeg","width":1000,"height":666},{"@type":"BreadcrumbList","@id":"https:\/\/friscotimes.org\/?p=2880#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/friscotimes.org\/"},{"@type":"ListItem","position":2,"name":"JCPenney merges with SPARC Group, forms Plano-based Catalyst Brands"}]},{"@type":"WebSite","@id":"https:\/\/friscotimes.org\/#website","url":"https:\/\/friscotimes.org\/","name":"Frisco Times","description":"Your Gateway to San Francisco&#039;s Stories","publisher":{"@id":"https:\/\/friscotimes.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/friscotimes.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/friscotimes.org\/#organization","name":"Frisco Times","url":"https:\/\/friscotimes.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/friscotimes.org\/#\/schema\/logo\/image\/","url":"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/06\/cropped-\u5fae\u4fe1\u622a\u56fe_20240625172131.png","contentUrl":"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/06\/cropped-\u5fae\u4fe1\u622a\u56fe_20240625172131.png","width":512,"height":512,"caption":"Frisco Times"},"image":{"@id":"https:\/\/friscotimes.org\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/FriscoTimes","https:\/\/www.instagram.com\/friscotimes\/"]},{"@type":"Person","@id":"https:\/\/friscotimes.org\/#\/schema\/person\/55a683dd04ba0c242ea231c08bfdaf87","name":"Connor Pittman","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/friscotimes.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g","caption":"Connor Pittman"},"url":"https:\/\/friscotimes.org\/?author=282"}]}},"_links":{"self":[{"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/posts\/2880"}],"collection":[{"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/users\/282"}],"replies":[{"embeddable":true,"href":"https:\/\/friscotimes.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2880"}],"version-history":[{"count":0,"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/posts\/2880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/media\/2881"}],"wp:attachment":[{"href":"https:\/\/friscotimes.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/friscotimes.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/friscotimes.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}