Walt Disney retakes control of Disney stores

May 1, 2008 3:46:35 PM PDT
Walt Disney Co. said Thursday it will retake control of North America Disney store chain.

Children's Place retail stores took over the Disney stores four years ago, but that company has filed for bankruptcy. Financial terms of the deal were not announced. However, Disney, which owns ABC 7, will close 98 stores in the United States.


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