SPARC Group and JCPenney formed Catalyst Brands.

SPARC Group, a full-service retail company, and JCPenney, a US-based department stores operator, formed Catalyst Brands, a portfolio of six fashion retail brands. Financial terms were not disclosed. “Catalyst Brands brings together the rich heritage of six unique brands with modern energy and a new vision for success. The word ‘catalyst’ 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. For us, customers are at the heart of what we do. We have a shared belief that customers deserve fashion and style of great quality for any and every moment in life. We will leverage our resources and best-in-class industry talent to grow our brands further,” Marc Rosen, JCPenney CEO.