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The Parent Co. Says Nine of its Subsidiaries Files for Chapter 11 Bankruptcy Protection - Quick Facts

Sunday, The Parent Co. (KIDS) announced that the company and nine of its subsidiaries have filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code before the U.S. Bankruptcy Court in Wilmington, Delaware.

Michael Wagner, chief executive officer of The Parent Co., commented, "This action is an unfortunate but necessary and responsible step to preserve the company's value for our stakeholders in light of the ongoing challenging retail environment."

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