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May 01, 2008
Disney Purchases Back 220 Disney Stores
The Walt Disney Company today announced that it has acquired the Disney Store chain in North America from subsidiaries of The Children's Place Retail Stores, Inc. Disney has tentatively acquired back 220 Disney Stores in the United States and Disney Stores in Canada, with final number dependent upon further negotiations.Disney also obtained the right to close 98 Disney Stores in the United States and 2 Disney Stores in Canada without assuming the leases for those stores.