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August 05, 2004
Children's Place May Buy Disney Chain
NEW YORK - Children's Place Retail Stores Inc. said on Thursday it has signed a nonbinding letter of intent to buy Walt Disney Co.'s money-losing Disney Store chain in North America and said July same-store sales rose 14 percent.The fast-growing mall-based children's clothing retailer, based in Secaucus, New Jersey, said talks with Disney on the deal -- first made public in June -- continue. The discussions also involve the possible operation of the Disney Store retail chain under a long-term license agreement, Children's Place said in a statement. Disney Store sells clothing, toys and other merchandise featuring Walt Disney characters.
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