Children's Place and Disney may tweak licensing deal
Full Story: Children's Place and Disney may tweak licensing dealby Angela Moore
NEW YORK (MarketWatch) - Children's Place Retail Stores Inc. on Thursday said it recently started talks with the Walt Disney Co. regarding potential modifications to certain terms of the company's long-term license agreement to operate the Disney Store retail chain in North America, some of which may be material. The Seacacus, N.J.-based retailer said talks are still at an early stage and it cannot predict modifications to the license agreement. If Children's Place is unable to reach agreement with Disney on the modifications, Disney may assert that certain defaults exist under the license agreement and Disney may reserve its rights and remedies under the agreement, the company said.