Children's Place files for Chapter 11 bankruptcy to pursue sale
PLCE•The Children's Place filed for Chapter 11 bankruptcy protection and is seeking to sell substantially all its assets. Bids are due December 9, 2026, with the court-supervised sale expected to conclude by the end of December.
1. Bankruptcy sale process
The Children's Place filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey and seeks to sell substantially all its assets through a competitive process aimed at preserving the business as a going concern. Bids are due December 9, 2026, and the sale process is expected to conclude by the end of December. Existing secured lenders would provide a new term loan facility to fund restructuring and ongoing operations. Stores and e-commerce sites remain open, with ongoing inventory sales subject to court approval.
