The Children’s Place stores at Summit Mall in Fairlawn and three other Northeast Ohio locations have begun going-out-of-business sales ahead of a nationwide closure of the children’s apparel chain, the Akron Beacon Journal reported on November 13. The sales cover every Children’s Place location in the United States and Canada, according to a news release from a communications firm representing Great American Holdings, also known as GA Group, cited by the Beacon Journal.
The four Northeast Ohio locations named by the Beacon Journal are the Summit Mall store in Fairlawn, Aurora Farms Premium Outlets in Aurora, SouthPark Mall in Strongsville and Beachwood Place in Beachwood. Managers at the Summit Mall, Aurora Farms and SouthPark locations declined on November 13 to provide comment about sale and closing dates to the Beacon Journal, and the Beachwood Place store could not be reached by phone, the Beacon Journal reported.
The sale is being run by a joint venture between Great American Holdings LLC, Tiger Group, SB360 Capital Partners, Gordon Brothers and Hilco Global, the Beacon Journal reported, citing the GA Group release. The joint venture’s announcement follows approval by the U.S. Bankruptcy Court for the District of New Jersey, according to the release cited by the Beacon Journal…