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

SECAUCUS, N.J.–(BUSINESS WIRE)–The Children’s Place, Inc. (Nasdaq: PLCE) (“The Children’s Place” or the “Company”), one of the only pure-play children’s specialty retailers in North America with an omni-channel presence, today announced that the Company voluntarily filed petitions for chapter 11 relief in the United States Bankruptcy Court for the District of New Jersey (the “Court”). The Company seeks to sell substantially all of its assets, pursuant to section 363 of the U.S. Bankruptcy Cod

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