The Children’s Place Opens Asset Sale After Chapter 11 Filing

The Children’s Place began an asset sale after filing for Chapter 11 protection Nov. 8, seeking offers by Dec. 9 as it keeps its stores and e-commerce sites open for now. The retailer is seeking bids for substantially all its assets and aims to complete a sale by the end of December. The filing advances the company’s earlier preparations for bankruptcy protection . The company operates 514 North American stores and two online storefronts. Its brands include The Children’s Place and Gymboree, with franchise and wholesale partners distributing its products in 13 countries. The company plans to continue inventory sales with court approval.

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