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The Walt Disney Co. Confirms It Is in Discussions Regarding Potential Ownership of a Smaller Disney Store Chain in North America
Business Wire, March 20, 2008
BURBANK, Calif. -- The Walt Disney Company (NYSE:DIS) today confirmed that it is in advanced discussions with The Children's Place Retail Stores, Inc., to explore terms under which Disney might acquire ownership of a portion of the Disney Store chain in North America.
The Company believes the Disney Stores can be an important extension of the "Disney" brand and, with the improved economics provided by a smaller store footprint, could add value to the Company in the promotion and monetization of its growing number of robust franchises.
About The Walt Disney Company
The Walt Disney Company (NYSE:DIS), together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with four business segments: media networks, parks and resorts, studio entertainment and consumer products. Disney is a Dow 30 company, had annual revenues of more than $35 billion in its most recent fiscal year, and a market capitalization of nearly $59 billion as of March 19, 2008.
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