JCPenney is owned by Catalyst Brands, a company formed in 2025 through the merger of JCPenney and SPARC Group. Catalyst Brands is a joint venture with shareholders including Simon Property Group, Brookfield Corporation, Authentic Brands Group, and Shein. The company is managed by former JCPenney CEO Marc Rosen and operates a portfolio of retail brands including JCPenney, Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand, and Nautica.