Much like Sears, JC Penney was once considered to be an all-weather brand, capable of surviving the very worst economic conditions. That isn't how things have turned out for them. Even though they still have large and glamorous stores open in multiple locations, the signs of fade are everywhere within the firm. During 2018, one thousand employees were laid off, and a major distribution center was closed down to save money.
The company is currently saddled with a total debt of $4.2bn, making its $116m income last year a drop in the ocean compared to what has to be paid off. The company has a lot of investors, some of whom are keener to see a speedy return on their investment than others, and there are signs of impatience at boardroom level. Chairman Marvin Ellison walked away in May 2018, and there's no sign his replacement has a handle on the situation. The day may soon come where this Penney drops.
Whether celebrities are looking to be in the spotlight or escape the paparazzi, there are some popular vacation destinations that always seem to be frequented by the stars. Celeb spotting is a favorite pastime of many travelers, and you might be able to snag a photo or even an autograph when you visit these top celebrity vacation spots around the world. Although the price tags may be a bit higher in these destinations than your average budget getaway, these are some of the best celebrity vacation spots that you can start saving up to visit and enjoy the trip of a lifetime.
One of the classiest celebrity vacation spots in Europe is Mallorca, Spain. It’s known as a spot to be posh more than a spot to party. Michael Douglas and Catherine Zeta Jones have a house here, and it’s been a favorite getaway for Gwenyth Paltrow. Some of the local favorites that boast the most celebrity sightings include the Wellies Restaurant and Bar, Puerto Portals, and Es Trenc Beach.
Saint Tropez is known for its amazing beaches and blissful landscapes. Celebrity couples like Beyoncé and Jay Z and David and Victoria Beckham have been spotted vacationing along these famous beaches. The Cote d’Azur seaport is a big draw for celebs here, as well as top beach clubs like Club 55.
Perhaps the most well-known celebrity that loves Lake Como is George Clooney. He has a villa with over a dozen rooms here so he can bring all his friends along to relax, get away, and party. Villa d’Este is another popular place celebrities choose to stay because of its attention to privacy. Just ask Arnold Schwarzenegger, Bette Midler, or Sylvester Stallone!
Sure, there are plenty of celebrities that call Sydney home year-around, but there are lots of others who like to visit for a surfing and sailing getaway. Sydney’s Bondi Beach has been a top vacation pick for Leonardo DiCaprio and Hugh Jackman, and some A-list accommodations are the InterContinental Hotel and the Park Hyatt in the Rocks.