The Children’s Place opens digital storefront on Shein
And in April 2024, The Children’s Place received a second loan from its majority shareholder, Mithaq Capital SPC. Since February 2024, the retailer has received at least $168.6 million in funding from Mithaq, composed of the recent $90 million term loan and a previously announced $78.6 million in interest-free, unsecured and subordinated term loan funding.
[READ MORE: Children’s Place boosts liquidity with additional funding from Saudi investing firm]
"We are thrilled to announce our partnership with The Children's Place, helping them reach millions of customers around the world by offering their beloved products on Shein's trusted and innovative global platform," said Jessica Liu, VP, global brand operations at Shein. "This collaboration underscores our commitment to offering a wide variety of affordable, high-quality options for shoppers, and we look forward to continuing to integrate renowned brands like The Children's Place into the Shein shopping experience."
The Children's Place is an omni-channel children's specialty portfolio of brands. Its global retail and wholesale network includes two digital storefronts, more than 500 stores in North America, wholesale marketplaces and distribution in 15 countries through five international franchise partners.