The Children’s Place and Gap scoop up what’s left of Gymboree
March 4, 2019
The Children’s Place is paying $76 million to acquire Gymboree and the Crazy 8 brand. Gap will pay $35 million for the Janie and Jack brand along with its online business and stores. Gymboree filed for Chapter 11 bankruptcy in January and announced it would close 800 stores under its own name, along with Crazy 8 stores in Canada and the U.S.
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