The Children’s Place Commences Court-Supervised Sale Process

On November 8, 2026, The Children’s Place voluntarily filed petitions for chapter 11 relief in the United States Bankruptcy Court for the District of New Jersey to pursue a value-maximizing sale transaction.

At this time, all of our stores and e-commerce sites remain open and continue to serve customers.

The Company seeks to sell substantially all of its assets pursuant to section 363 of the U.S. Bankruptcy Code through a competitive marketing and sale process designed to secure the highest or otherwise best bid, with the goal of continuing the business. The Company is requesting that parties submit bids by December 9, 2026, and expects to complete the process by the end of December 2026.

Additionally, the Company expects to secure an agreement for debtor-in-possession (“DIP”) financing. Subject to Court approval, the DIP financing will allow the Company to continue operations through its sale process and chapter 11 cases. The Company has also filed customary motions to continue paying employee wages and benefits, maintain certain customer programs, and pay vendors for goods and services provided after the filing date. The Company is also seeking recognition of the chapter 11 proceedings in Canada to include its Canadian assets and operations in the sale process.

Frequently Asked Questions

Is The Children’s Place going out of business?

• The Children’s Place is seeking to sell substantially all of its assets, pursuant to section 363 of the U.S. Bankruptcy Code.
• This process is designed to elicit the highest or otherwise best bid for the Company’s assets with the goal of continuing the business.
• While the Company pursues a buyer through the chapter 11 process, it must prepare for the possibility that a sale to continue the business cannot be achieved.
• To that end, it has entered into an agreement with GA Group to assist it with the sales that are ongoing in its stores.
• This agreement provides a path forward if the Company cannot secure a better alternative through the Court-supervised sale process.
• To be clear, this is not the path the Company is striving toward.

Is The Children’s Place closing its stores?

• The Children’s Place has been evaluating its operational footprint to invest its resources in its strongest locations moving forward.
• The Company has determined that certain store closures will be necessary during the chapter 11 process.
• The evaluation process is ongoing, and the Company will communicate confirmed decisions as they are made.
• At this time, all of the Company’s locations and e-commerce sites remain open and continue to serve customers.

Does The Children's Place have enough liquidity to pay employees and vendors during this process?

• The Company has been working closely with its lenders to secure financing that is intended to support the business throughout this process, subject to Court approval.

I received a Court notice in the mail. What does this mean?

• Please note that as part of the Company’s chapter 11 cases, its claims agent, Omni Agent Solutions, will distribute standard Court notices and mailings to different parties of interest as important milestones unfold.
• These communications are a routine part of the process and signal progress in the chapter 11 cases.
• The Company does not expect you will need to take action as a result of these notices.
• If you have questions about The Children’s Place chapter 11 cases or the notices you are receiving, you can visit the Company’s chapter 11 case website at omniagentsolutions.com/TCP or contact the Company's claims agent, Omni Agent Solutions, at (866) 205-3149 (U.S. and Canada toll free) or (818) 510-4678 (International), or email TCPInquiries@OmniAgnt.com.

How do I file a claim?

• You can file a claim by contacting the Company’s claims agent, Omni Agent Solutions, at (866) 205-3149 (U.S. and Canada toll free) or (818) 510-4678 (International), or email TCPInquiries@OmniAgnt.com.

Where can I go for more information?

• If you have questions about The Children’s Place chapter 11 cases or the notices you are receiving, you can visit the Company’s chapter 11 case website at omniagentsolutions.com/TCP or contact the Company’s claims agent, Omni Agent Solutions, at (866) 205-3149 (U.S. and Canada toll free) or (818) 510-4678 (International), or email TCPInquiries@OmniAgnt.com.