SECAUCUS, N.J., June 19, 2017 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq:PLCE), the largest pure-play children’s specialty apparel retailer in North America, today announced that it has entered into a development agreement with Gill Capital covering Indonesia, Singapore, Thailand and The Philippines. The first retail stores are to open in Indonesia, with the plan to open 25 locations in Indonesia, followed by openings in the other countries in the development area.

Jane Elfers, President and Chief Executive Officer of The Children's Place, stated, “We are excited to be partnering with Gill Capital. They have a proven track record of operating successful brands in South East Asia. We are making significant strides in our International franchise business, and we remain focused on providing great fashion and value for children around the world.”

Commenting on the partnership with The Children's Place, Mr. J.S. Gill, Chairman of Gill Capital, stated, “We are excited to launch our partnership with The Children's Place. We believe in the unique quality, fashion and value of the Brand, and we are confident that it will be a tremendous success with our customers.”

About The Children's Place, Inc.

The Children's Place is the largest pure-play children’s specialty apparel retailer in North America. The Company designs, contracts to manufacture, sells at retail and wholesale, and licenses to sell fashionable, high-quality merchandise at value prices, primarily under the proprietary “The Children's Place,” “Place” and “Baby Place” brand names. As of April 29, 2017, the Company operated 1,033 stores in the United States, Canada and Puerto Rico, an online store at www.childrensplace.com, and had 156 international points of distribution open and operated by its 6 franchise partners in 18 countries.

About Gill Capital

Gill Capital is a Singapore-based company with operations in Singapore, Thailand and Indonesia under various concepts in fashion, children’s specialty, confectionary, and food & beverage.