Children’s specialty retailer The Children’s Place, Inc. has voluntarily filed petitions for chapter 11 relief in U.S. Bankruptcy Court for the District of New Jersey. The Secaucus, NJ-based company announced on its website Wednesday that all stores would be closing and that inventory liquidation had begun.
With brands including The Children’s Place and Gymboree across 514 North American stores, the retailer seeks to sell substantially all its assets. It’s requesting parties to submit bids by Dec. 9 and expects to complete the court-supervised sale process by the end of December 2026.
“We recognize the significance of this development for our employees, customers, vendors, and other partners, and we are committed to conducting an efficient and transparent sale process,” said Rudy Morando, co-chief restructuring officer of The Children’s Place.
To facilitate liquidation sales, The Children’s Place has entered into a consulting agreement with a joint venture of GA Group, Tiger Group and SB360 Capital Partners.
Photo courtesy of KCG Architects.
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