Gymboree news and archive

Gymboree Group files for Chapter 11 Bankruptcy Protection

Gymboree Group Inc., the parent company of childrenswear brands Gymboree, Crazy 8 and Janie and Jack, has filed for relief under Chapter 11 of the Bankruptcy Code in the US Bankruptcy Court for the second time in two years. The company, which operates hundreds of stores in the United States, Canada and Puerto Rico, has also announced that its...

ManagementFeatured

Gymboree leaves bankruptcy behind and cuts debt by 900 million dollars

Earlier in September kidswear chain Gymboree Corp. won court approval to exit Chapter 11 bankruptcy protection with a plan to cut its debt by circa 1 billion dollars. By the end of the month, the company has confirmed its debt restructuring is well underway. On September, 29 The Gymboree Corporation announced that it has successfully completed...

ManagementFeatured

Gymboree files for Chapter 11 bankruptcy protection

"The steps we are taking today allow the Company to definitively address its debt and enable the management team to turn its full focus toward executing our key strategies, including our Product, Brand and Omni-channel initiatives," CEO Daniel Griesemer said in a statement. Griesemer referred to the voluntary Chapter 11 filing the company...

Management|ANALYSIS Featured

Gymboree, the next bankruptcy in the U.S. apparel?

As losses mount and corporate debt soon to be due nothing but mounts, the announcement of Chief Executive Officer Mark Breitbard stepping down has been the last straw for troubled Gymboree. The kidswear brand’s CEO announced Thursday that he will take the role of chairman on February, 1 and leave his current responsibilities as CEO once a...