Catalyst Brands is an independent company.

American retail holding company formed in 2025 through the all-equity merger of SPARC Group and JCPenney. The combined entity brought together six major American retail banners under one operating platform, sharing sourcing, logistics, data analytics, and retail infrastructure.

Catalyst operates the brands on behalf of their IP owners, primarily Authentic Brands Group, and is structured as a joint venture. For more information, see Authentic Brands Group.