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BURBANK, Calif. - Walt Disney has purchased the Disney Store chain in North America from Children's Place Retail Stores, and says it will close about 98 of them the U.S. and two in Canada.
Financial terms weren't disclosed.
Burbank, Calif.-based Walt Disney Co. says the deal included about 220 Disney Stores in the U.S. and Canada, and was completed in conjunction with the bankruptcy proceedings of Hoop Retail Stores, a subsidiary of Children's Place.
Disney says company veteran James D. Fielding will become president of Disney Stores Worldwide, overseeing merchandising and operations for North American stores and the 107 existing Disney Stores in Europe.
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