Children's Place Exploring Sale

Children’s Place announced that the company’s board has granted a request from Ezra Dabah, the company's largest shareholder and former ceo, and Golden Gate Private Equity Inc. for approval under Delaware law to help them work together to make a proposal to buy the retailer.

In February, Dabah said he planned to make a $698 million bid with Golden Gate for the retailer. Dabah left his position with the company in September after it said he violated its stock trading policies.

In April, the struggling retailer announced plans to sell at least 180 of its Disney Stores to Walt Disney Co.