Barack Ferrazzano Assists Sephora With JCPenney Partnership
Barack Ferrazzano recently helped Sephora address its ongoing partnership with JCPenney. A joint press release from the two companies explained the outcome:
J.C. Penney Company, Inc. and Sephora USA, Inc. today announced they have reaffirmed their long-standing partnership to operate Sephora inside JCPenney (SiJCP). Both companies worked constructively to resolve outstanding legal matters and have agreed to mutually beneficial revisions to their joint enterprise operating agreement.
Introduced in 2006, SiJCP is an exclusive beauty experience in select JCPenney stores, offering a curated selection of leading makeup, fragrances, skin and haircare brands. JCPenney and Sephora have worked together over the past 14 years to serve our customers and be relevant in an evolving retail landscape. Today’s amendment remains consistent with this shared goal and the companies are committed to continuing to expand and innovate SiJCP’s offerings in order to deliver the beauty experience customers expect in the future.
The Barack Ferrazzano team that represented Sephora spanned multiple practice groups, reflecting the Firm’s deep and diverse bench in the Fashion, Luxury & Retail sector. The team was led by founding and senior partner Peter J. Barack, Corporate & Securities Group chair Daniel L. Dominguez, and associate Kaitlyn E. Kelly. Bankruptcy & Creditor Rights chair Nathan Q. Rugg advised on bankruptcy matters. Litigation matters were handled by partners Robert E. Shapiro and Joshua W. Mahoney, as well as associates Nicholas W. Laird and David B. Lurie.
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