# Children's Place

Children's Place is an Unclassified based in Secaucus, United States.

## Overview

- **Organization type:** Unclassified
- **Headquarters:** Secaucus, United States
- **Region:** North America
- **Address:** Secaucus, NJ, United States
- **Founded:** 1969
- **Assets under management:** Undisclosed
- **Website:** childrensplace.com

## Regulatory record

- **Reports private funds:** No

## About

The Children's Place, Inc. was founded in 1969 and has been a publicly traded company since its 1997 initial public offering. The firm is not an investment manager or a family office; it is a specialty retailer focused exclusively on apparel and accessories for children from newborn to early teens. The company's wealth is corporate revenue, not a family's legacy capital. The current interim leadership includes President Muhammad Umair, who took the role in 2024 following the departure of a former CEO. The business model is a vertically integrated retail operation that designs, sources, and sells its own branded merchandise through a dual channel of physical stores and a robust e-commerce site. Its product lines span multiple brands, including its core 'The Children's Place' label, 'Gymboree', 'Sugar & Jade', and 'PJ Place'. The company has also expanded into wholesale distribution with partnerships through Amazon and other retailers. Geographically, the company's operational footprint is concentrated in the United States and Canada, with a store base that includes locations in Puerto Rico and a substantial licensing business that operates nearly 200 international points of distribution across the Middle East, Asia, and Latin America. Known co-investors or stakeholders include institutional shareholders like Mithaq Capital SPC, a Saudi family-backed fund, which became a significant activist investor in early 2024, providing crucial debtor-in-possession financing and later taking the company private in a transaction that closed in March 2024. The company's scale prior to going private was measured in revenue, not assets under management, with net sales exceeding $1.5 billion in recent fiscal years. The team is led by a board of directors and an executive suite focused on retail operations, sourcing, and finance. A pivotal moment for the firm was its interaction with its now-majority owner Mithaq Capital. February 2024: The Children's Place received a $78.6 million loan from Mithaq Capital to stave off a potential bankruptcy filing (per a company 8-K filing, February 2024). This event ultimately led to the private acquisition that concluded the following month. The structural differentiator of The Children's Place is its post-public, privately held architecture under the control of a single activist investor. After Mithaq Capital's takeover, the company was delisted from the Nasdaq and now operates as a private portfolio company of a concentrated family-backed investment firm. This transition represents a profound shift in governance: a move from a widely held, public-market-dependent retailer to a privately controlled entity focused on a long-term turnaround strategy away from the quarterly scrutiny of public markets.

## Sectors

- Consumer & Retail

## People

- Muhammad Umair — President and Interim Chief Executive Officer

## Questions

### Who controls The Children's Place following its delisting?

Mithaq Capital SPC, a Saudi Arabia-based investment firm that manages capital for a prominent family, took The Children's Place private in March 2024. Mithaq had been a long-term institutional shareholder before providing emergency financing and executing a full acquisition. The company now operates as a wholly owned subsidiary of Mithaq.

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Last updated: 2026-06-03T20:00:00.000Z

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