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Alliance Data Systems to buy retailer's private label credit card portfolio
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Alliance Data SystemsCorp. has agreed to buy The Children's Place Inc.'s private label creditcard portfolio.
The deal is expected to close in the fourth quarter.
The company's Columbus, Ohio-based card services business agreedto provide private label credit card services for The Children's Place. A tailoredcredit card program will be created for the Secaucus, N.J.-based specialty apparelretailer.