Retailers are banding together for a massive operation based out of Texas that will see JCPenney merge with the parent company of Forever 21. Known as Catalyst Brands, the new company includes Aéropostale,

JCPenney has merged with the owner of several retail brands to create a brand new company. On Jan. 8, JCPenney merged with SPARC Group, the owner of the following companies: Through the merger, JCPenney and SPARC Group created Catalyst Brands.

JCPenney is joining forces with a large conglomerate to form an even bigger powerhouse in the retail space. The department store chain is teaming up with the Sparc Group in an all-equity merger to form Catalyst Brands,

JCPenney announced Thursday the company merged with SPARC Group, to form a larger retail organization called Catalyst Brands.