Children's Place files Chapter 11, seeks Section 363 asset sale by end-December; bids due Dec. 9

Childrens Place, Inc.

Voluntary chapter 11 petitions filed Nov. 8, 2026 in U.S. Bankruptcy Court for the District of New Jersey, Case No. 26-22682 (SLM); stores and e-commerce remain open.
Seeks Section 363 sale of substantially all assets, including IP, with bids due Dec. 9, 2026 and sale completion targeted by end of December 2026; in talks with multiple parties.
About $394M of debt in default and accelerated: Wells Fargo credit facility, SLR/Crystal term loan and Mithaq subordinated notes; automatic stay blocks enforcement.
Consulting deal with Tiger Capital, SB360 and GA Retail Solutions for liquidation sales Nov. 6, 2026-Feb. 28, 2027: 2.5% merchandise fee, 15% FF&E commission, $34.1M budget.
Kristin Clifford named COO, Global Sourcing & Product Operations effective Nov. 4, 2026 with no comp change; company plans new term loan from existing secured lenders.

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