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Disney Store Purchase Finalized

The Walt Disney Co. is back in the retail game following its acquisition of the Disney Store Chain from subsidiaries of The Children’s Place Retail Stores Inc. The purchase will result in Disney owning and operating 220 stores in the U.S. and Canada and closing 98 stores in the U.S. and two in Canada. Through the global retail chain, Disney can better take advantage of its popular franchises, such as High School Musical and Disney Fairies, said Andy Mooney, chairman of Disney Consumer Products. Disney sold the Disney Stores chain to The Children’s Place in 2004. James D. Fielding has been named as president, Disney Stores Worldwide.

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