The Children's Place Retail Stores, Inc., the largest pure-play children's specialty apparel retailer in North America, announced that it entered into a franchise agreement with Grupo David, a leading retail corporation headquartered in Panama, to expand its brand to Latin America and the Caribbean with the potential to open 35 to 40 stores over the next few years beginning in the fall of 2014.
Jane Elfers, President and Chief Executive Officer of The Children's Place, stated, "We are thrilled to be partnering with Grupo David as we enter these important markets. We are making significant strides in our International franchise business, and we remain focused on providing great fashion and value for kids around the world."
Commenting on the new partnership, Andrea Santos, Chief Executive Officer at Grupo David Enterprises stated: "We are honored to represent The Children's Place in our territories. We believe consumers will appreciate the quality, fashion, and great value the Brand offers."
About The Children's Place Retail Stores, Inc.
The Children's Place is the largest pure-play children's specialty apparel retailer in North America. The Company designs, contracts to manufacture, sells and licenses to sell fashionable, high-quality merchandise at value prices, primarily under the proprietary "The Children's Place," "Place" and "Baby Place" brand names.