Retail News

Gymboree bankruptcy could result in closing of 900 stores

CNBC 01/14/2019

Gymboree last filed for bankruptcy a year-and-a-half ago, struggling from the aftermath of a leveraged buyout by Bain Capital Partners in 2010. The chain was able to clear $900 million of debt by closing about 375 stores. According to an unauthorized source, the company may file bankruptcy again this week. This time, about 900 stores that operate under the Gymboree, Janie and Jack and Crazy 8 banners may be shuttered as a result of the action.

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