Retail News

Gymboree files for bankruptcy protection

CNN Money 06/12/2017

Gymboree has arranged to borrow $35 million to enable the chain to continue operating while it restructures under Chapter 11. The consultant hired by the retailer this spring suggested the retailer should shutter about 375 of its 1,300 stores. Gymboree has not yet made an announcement on plans to shutter stores.

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