J. C. Penney will acquire 20% of Beeba’s stock.

The San Diego-based clothing supplier said the $19.2-million deal with Penney is a prelude to a joining of forces to set up an operation under an agreement that calls for Beeba to supply 50% to 60% of the private label clothing for an as-yet-unnamed ladies wear specialty store chain to open inside 100 existing Penney stores beginning in early 1988.