Children’s Place Hires Centerview to Help Bolster Cash Reserves

Apparel retailer The Children’s Place Inc. has hired Centerview Partners LLC to explore ways to strengthen its cash reserves, according to people with knowledge of the matter.

The company’s coffers have been dwindling amid a difficult environment for retailers. The Children’s Place had about $13.5 million of cash and equivalents on hand at the end of October, down from $19.2 million a year earlier and more than three times that at the same time in 2021, according to company filings.

The Children’s Place has also been working FTI Consulting Inc. for operational assistance, said the people, who asked not to ...