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The Children's Place is a specialty retailer that sells clothing and accessories for kids. Founded in 1969 with just a small handful of stores, it became part of the Federated Department Stores chain in 1981. When the parent company sold off some of its brands in 1988, Joseph Sitt led a group of investors to acquire the chain. Profits grew due to a partnership with Disney that allowed The Children's Place to operate the Disney Store.
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