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Children's Place Takes Disney Chain

SECAUCUS, NJ-Children's Place is spending up to $100 million on store remodels and will pay Walt Disney royalties two years after closing.

By Ian Ritter | Updated on October 20, 2004

Ian Ritter is national online editor of GlobeSt.RETAIL.

SECAUCUS, NJ-Retailer the Children’s Place is buying the 313-unit Disney Store North America chain in a deal the companies have been publicly considering since June. In May 2003 Disney said it would either sell the chain or close its stores.

The locally based Children’s Place will spend an initial $50 million to fund the renovation of the Disney Stores and will begin to pay the Burbank, CA-based Walt Disney Co. royalties on the second anniversary of the closing’s transaction.

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