The Children's Place

The company has about 525 stores in the U.S., Canada and Puerto Rico, and also sells via two online outlets and through five franchise partners in 15 countries.

[3] After Campeau Corporation acquired Federated, they sold The Children's Place to a group led by Joseph Sitt in 1988.

[6] Disney sold the chain for the cost of inventory to Children's Place subsidiary Hoop Holdings, plus a 15-year licensing agreement.

[6] Hoop obtained from Wells Fargo $35 million of debtor-in-possession financing and appointed Perry Mandarino of Traxi LLC, the Manhattan financial-restructuring company, as chief restructuring officer.

"[12] Mithaq Capital of Saudi Arabia took a majority stake in The Children’s Place in February 2024 after the company said it was experiencing liquidity problems.

[13][14][15] The Children's Place announced a financing agreement with Mithaq to provide $78.6 million of interest-free, unsecured and subordinated term loans to strengthen the company’s liquidity position.

The Children's Place in Manhattan