Claudia Lima-Guinehut Rejoins the Children’s Place as Brand President
23 August 2024 - 11:15PM
The Children’s Place, Inc. (Nasdaq: PLCE), an
omni-channel children’s specialty portfolio of brands today
announced that Claudia Lima-Guinehut has been appointed Brand
President, effective September 9, 2024. Ms. Lima-Guinehut is
rejoining The Children’s Place, Inc. from Claire's Holdings LLC,
where she had served as Executive Vice President and Chief
Merchandising Officer since June 2023.
As Brand President, Ms. Lima-Guinehut will
oversee all customer facing activities across the Company’s Family
of Brands, and will be responsible for Design, Sourcing,
Merchandising, Brand Marketing, Planning, Allocation and the
Company’s Wholesale and International businesses. She will report
to Muhammad Umair, President and Interim Chief Executive
Officer.
Mr. Umair stated, “Claudia is a talented leader
and we are thrilled to welcome her back to The Children’s Place. We
look forward to working closely with her on strategies to delight
our customers, enhance our competitive edge and build shareholder
value through an innovative approach to managing our storied
brands.”
Ms. Lima-Guinehut said, “It is an extraordinary
opportunity to rejoin The Children’s Place at this critical time.
I’m eager to collaborate with our talented teams to ignite bold,
creative strategies that not only drive profitable growth, but also
resonate deeply with moms and families. Our mission is to blend the
timeless appeal of trusted basics with the excitement of on-trend
styles, delivering exceptional value across our brands and ensuring
a seamless omni-channel experience across all touchpoints to
delight our customers and keep them coming back for more.”
Claudia Lima-Guinehut
Biography
Claudia Lima-Guinehut has served as Executive
Vice President and Chief Merchandising Officer of Claire's Holdings
LLC since 2023. In her prior tenure at The Children’s Place from
2014 to 2023, Ms. Lima-Guinehut served in roles of increasing
responsibility, most recently as Senior Vice President, Global
Merchandising and Strategic Partnerships, a role in which she was
responsible for creating and delivering product strategies for all
brands across multiple channels of distribution, as well as leading
operations for wholesale and international franchise businesses.
Prior to that, she was Director of International Merchandising for
Destination Maternity from 2011 until 2014 and held roles across
merchandising and product design functions at Zara, Camuto Group,
Ralph Lauren and Fifth & Pacific Companies. She earned her
Bachelor of Science in Marketing from New York University and her
SIPA Master of Business Administration from Columbia
University.
About The Children’s Place
The Children’s Place is an omni-channel
children’s specialty portfolio of brands. Its global retail and
wholesale network includes two digital storefronts, more than 500
stores in North America, wholesale marketplaces and distribution in
16 countries through six international franchise partners. The
Children’s Place designs, contracts to manufacture, and sells
fashionable, high-quality apparel, accessories and footwear
predominantly at value prices, primarily under its proprietary
brands: “The Children’s Place”, “Gymboree”, “Sugar & Jade”, and
“PJ Place”. For more information, visit: www.childrensplace.com and
www.gymboree.com, as well as the Company’s social media channels on
Instagram, Facebook, X, formerly known as Twitter, YouTube and
Pinterest.
Forward-Looking Statements:
This press release contains or may contain
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
including but not limited to statements relating to the Company’s
strategic initiatives and results of operations, including adjusted
net income (loss) per diluted share. Forward-looking statements
typically are identified by use of terms such as “may,” “will,”
“should,” “plan,” “project,” “expect,” “anticipate,” “estimate” and
similar words, although some forward-looking statements are
expressed differently. These forward-looking statements are based
upon the Company’s current expectations and assumptions and are
subject to various risks and uncertainties that could cause actual
results and performance to differ materially. Some of these risks
and uncertainties are described in the Company’s filings with the
Securities and Exchange Commission, including in the “Risk Factors”
section of its annual report on Form 10-K for the fiscal year ended
February 3, 2024. Included among the risks and uncertainties that
could cause actual results and performance to differ materially are
the risk that the Company will be unable to achieve operating
results at levels sufficient to fund and/or finance the Company’s
current level of operations and repayment of indebtedness, the risk
that the Company will be unsuccessful in gauging fashion trends and
changing consumer preferences, the risks resulting from the highly
competitive nature of the Company’s business and its dependence on
consumer spending patterns, which may be affected by changes in
economic conditions (including inflation), the risk that changes in
the Company’s plans and strategies with respect to pricing, capital
allocation, capital structure, investor communications and/or
operations may have a negative effect on the Company’s business,
the risk that the Company’s strategic initiatives to increase sales
and margin, improve operational efficiencies, enhance operating
controls, decentralize operational authority and reshape the
Company’s culture are delayed or do not result in anticipated
improvements, the risk of delays, interruptions, disruptions and
higher costs in the Company’s global supply chain, including
resulting from disease outbreaks, foreign sources of supply in less
developed countries, more politically unstable countries, or
countries where vendors fail to comply with industry standards or
ethical business practices, including the use of forced, indentured
or child labor, the risk that the cost of raw materials or energy
prices will increase beyond current expectations or that the
Company is unable to offset cost increases through value
engineering or price increases, various types of litigation,
including class action litigations brought under securities,
consumer protection, employment, and privacy and information
security laws and regulations, the imposition of regulations
affecting the importation of foreign-produced merchandise,
including duties and tariffs, risks related to the existence of a
controlling shareholder, and the uncertainty of weather patterns.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date they
were made. The Company undertakes no obligation to release publicly
any revisions to these forward-looking statements that may be made
to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
The Children’s Place Contact:
Investor Relations (201) 558-2400 ext. 14500
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