Children’s Place Giving Up on Disney Stores
The operator of the Disney Store chain on Thursday said that its return of over 200 stores to the Walt Disney Co. could be completed by May if its restructuring plan is accepted by a bankruptcy judge.
The remaining 100-plus Disney Stores in North America would be closed, said Chuck Crovitz, interim chief executive officer of The Children’s Place Retail Stores Inc.
His comments came in a teleconference with analysts less than a day after the Children’s Place subsidiary that operates the Disney Stores filed for Chapter 11 bankruptcy restructuring in U.S. Bankruptcy Court in Delaware.
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