Anthropic seeks $1.3 trillion valuation when it becomes publicly traded company

Kids apparel retailer the Children s Place has filed for bankruptcy protection and expects to close some stores as it searches for new ownership. The company, which also owns the Gymboree brand, filed for Chapter 11 on Sunday in the U.S. Bankruptcy Court of New Jersey. As part of the process, the company said it s pursuing a sale of the brand with the goal of continuing to serve families under new ownership. The retailer said it looking to sell substantially all of its assets and has already begun talking to potential buyers. The company is asking the court to approve the sale, and interested buyers should submit bids by Dec. 9. “For nearly 60 years, The Children’s Place has supported growing families with apparel that customers have come to know and love,” Rudy Morando, the company’s co-chief restructuring officer, said in a news release. “We recognize the significance of this development for our employees, customers, vendors, and other partners, and we are committed to