Philip Ende Joins The Children’s Place as Head of Real Estate
The Children's Place (PLCE) has appointed Philip Ende as GVP, Head of Real Estate, effective November 11, 2024. Ende, who will report to President and Interim CEO Muhammad Umair, joins from Ende Real Estate Advisors, where he served as President and Founder. Prior to that, he spent over 27 years at Simon Property Group, last serving as Senior Vice President – Leasing Premium Outlets. The appointment aligns with the company's renewed focus on stores as a critical component of their omni-channel strategy, aiming to strengthen landlord relationships and drive continued investment in their real estate portfolio.
The Children's Place (PLCE) ha nominato Philip Ende come GVP, Responsabile Immobiliare, con effetto dall'11 novembre 2024. Ende, che riporterà al Presidente e CEO ad interim Muhammad Umair, proviene da Ende Real Estate Advisors, dove ha ricoperto il ruolo di Presidente e Fondatore. Prima di ciò, ha trascorso oltre 27 anni presso Simon Property Group, dove ha ricoperto l'ultimo incarico come Vicepresidente Senior – Affitti Premium Outlets. La nomina si allinea con il rinnovato focus dell'azienda sui negozi come componente critica della loro strategia omni-channel, con l'obiettivo di rafforzare le relazioni con i proprietari e promuovere continui investimenti nel loro portafoglio immobiliare.
The Children's Place (PLCE) ha nombrado a Philip Ende como GVP, Jefe de Bienes Raíces, con efecto a partir del 11 de noviembre de 2024. Ende, quien reportará al Presidente y CEO interino Muhammad Umair, se une desde Ende Real Estate Advisors, donde se desempeñó como Presidente y Fundador. Antes de eso, pasó más de 27 años en Simon Property Group, donde ocupó su último puesto como Vicepresidente Senior – Arrendamiento de Premium Outlets. La designación se alinea con el renovado enfoque de la empresa en las tiendas como un componente crítico de su estrategia omnicanal, con el objetivo de fortalecer las relaciones con los propietarios y promover inversiones continuas en su cartera inmobiliaria.
The Children's Place (PLCE)는 2024년 11월 11일부터 필립 엔데를 GVP, 부동산 책임자로 임명했다. 엔데는 대통령 겸 임시 CEO인 무함마드 우마르에게 보고하며, 엔데 부동산 자문사에서 회장 및 창립자로 재직했다. 그 이전에는 27년 이상을 사이먼 프러퍼티 그룹에서 마지막으로 프리미엄 아울렛 임대 담당 선임 부사장으로 근무했다. 이번 임명은 매장에 대한 회사의 재조명된 집중이 옴니채널 전략의 중요한 구성 요소로서 소유자와의 관계를 강화하고 부동산 포트폴리오에 대한 지속적인 투자를 유도하는 목표와 일치한다.
The Children's Place (PLCE) a nommé Philip Ende en tant que GVP, Responsable Immobilier, à compter du 11 novembre 2024. Ende, qui rapportera au Président et PDG par intérim Muhammad Umair, rejoint l'entreprise en provenance d'Ende Real Estate Advisors, où il a été Président et Fondateur. Auparavant, il a passé plus de 27 ans chez Simon Property Group, où il a dernièrement exercé la fonction de Vice-Président Senior – Location Premium Outlets. La nomination s'inscrit dans le cadre du nouvel accent mis par l'entreprise sur les magasins comme un élément clé de sa stratégie omnicanale, visant à renforcer les relations avec les propriétaires et à favoriser des investissements continus dans son portefeuille immobilier.
The Children's Place (PLCE) hat Philip Ende zum GVP, Leiter Immobilien, ernannt, mit Wirkung zum 11. November 2024. Ende, der an den Präsidenten und Interim-CEO Muhammad Umair berichten wird, kommt von Ende Real Estate Advisors, wo er als Präsident und Gründer tätig war. Zuvor verbrachte er über 27 Jahre bei Simon Property Group, zuletzt als Senior Vice President – Leasing Premium Outlets. Die Ernennung steht im Einklang mit dem erneuerten Fokus des Unternehmens auf Filialen als entscheidenden Bestandteil ihrer Omni-Channel-Strategie, mit dem Ziel, die Beziehungen zu Vermietern zu stärken und kontinuierliche Investitionen in ihr Immobilienportfolio zu fördern.
- Strategic focus on strengthening retail presence through experienced real estate leadership
- Addition of executive with 27+ years of experience at major property group
- None.
SECAUCUS, N.J., Nov. 11, 2024 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE) an omni-channel children’s specialty portfolio of brands today announced that Philip Ende has been appointed GVP, Head of Real Estate, effective November 11, 2024.
As the Head of Real Estate, Mr. Ende will oversee the real estate strategy and operations for the Company. He will report to Muhammad Umair, President and Interim Chief Executive Officer.
Mr. Ende joins The Children’s Place, Inc. from the real estate consulting firm Ende Real Estate Advisors, where he served as President and Founder. Before founding Ende Real Estate Advisors, Mr. Ende worked for over 27 years at Simon Property Group holding roles of increasing responsibility, culminating in his position as Senior Vice President – Leasing Premium Outlets.
Mr. Umair stated, “We are excited for Philip to lead the real estate team and leverage his decades of experience in the real estate industry to assist the Company in strengthening our relationships with landlords and driving our continued investment in our real estate portfolio. This is another step in the Company’s renewed focus on stores as a critical piece of our omni-channel strategy.”
Mr. Ende commented, “I am thrilled to be joining The Children’s Place and to have the opportunity to support the Company in improving landlord partnerships and identifying opportunities to strategically expand store locations in the future.”
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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