The Children's Place files for Chapter 11 as Centric Brands goes management-owned and Morgan Stanley trims luxury targets
Tuesday, November 10, 2026 · 8 min
The Children's Place filed for Chapter 11 on Sunday with bids due December 9, Jason Rabin closed a management buyout of Centric Brands from Blackstone, Ares and HPS, and Morgan Stanley cut its price targets on LVMH, Hermès, Kering and Richemont over weak demand in China, France and South Korea.
Listen
Show notes
The Children's Place filed for Chapter 11 on Sunday with bids due December 9, Jason Rabin closed a management buyout of Centric Brands from Blackstone, Ares and HPS, and Morgan Stanley cut its price targets on LVMH, Hermès, Kering and Richemont over weak demand in China, France and South Korea.
In this episode
- The Children’s Place, in search of new ownership, files for bankruptcy | Retail Dive — Retail Dive
“The goal is to sell itself by the end of the year, with bids due Dec. 9, according to court documents. Nine proposals have been received but they are “not currently actionable.” The company plans to enter into a new term loan facility provided by existing secured lenders.”
- Jason Rabin Leads Management Buyout of Centric Brands, Takes Majority Stake — WWD
“They were supportive, but they’re private equity. Private equity is an investment, and after a point in time, it’s time. What’s next? So with me being an entrepreneur in this business, I wanted my company back”
- Morgan Stanley cuts price targets on major luxury stocks | MarketScreener Hong Kong — Sebastien Foll
“Its concerns focus particularly on weak demand in China, which accounts for 25% of total sales, as well as deteriorating activity in France and South Korea, which represent 7.5% and 6% of the market, respectively.”