Disney reclaims US stores

Walt Disney Company acquires Disney Stores in US and Canada from Hoop Retail Stores.
Publish date:
Social count:

The transaction consisted of an asset purchase by Disney’s subsidiaries through the bankruptcy and insolvency proceedings of Hoop Retail Stores and Hoop Canada, subsidiaries of the Children’s Place Retail Stores.

The number of stores acquired currently stands at about 220, with the total number dependent on negotiations with landlords.

Disney also obtained the right to wind down and close almost 100 stores in the US and Canada, but without assuming the leases.

Andy Mooney, chairman of Disney Consumer Products, said: “From Cars to High School Musical to Disney Fairies, Disney’s entertainment engines are producing multiple popular franchises. The Disney Stores can play a vital role in touching the millions who cross their thresholds. With the reach of a global retail chain, we will be better able to take advantage of our franchises.”

Meanwhile, James Fielding has accepted the position of president, Disney Stores Worldwide, overseeing merchandising and other operations of the stores in North America and Europe, as well as managing the relationship with Oriental Land Company, which operates Disney Stores in Japan under licence.

Late March saw the Children’s Place Retail Store announce it was planning to exit its deal to operate Disney Stores North America to concentrate on its core brand.

Soon after, Hoop Holdings filed for Chapter 11.


Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.