BUSINESSWIRE · 2026-11-09 03:32 UTC

The Children's Place Commences Process to Effectuate Value-Maximizing Sale Transaction

The Children's Place voluntarily filed chapter 11 petitions in the U.S. Bankruptcy Court for the District of New Jersey. The company seeks to sell substantially all assets under section 363, with bids due December 9, 2026 and the sale expected to close by end of December 2026. Stores and e-commerce sites remain open, with ongoing inventory sales under a consulting agreement with a GA Group, Tiger Group, and SB360 Capital Partners joint venture; financing will come from a new term loan from existing secured lenders.

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