Children’s clothing retailer Gymboree Group filed for Chapter 11 bankruptcy protection, the second time in almost two years, and said on Wednesday it will close…
Children’s clothing retailer Gymboree Group filed for Chapter 11 bankruptcy protection, the second time in almost two years, and said on Wednesday it will close more than 800 Gymboree and Crazy 8 stores.
The San Francisco-based company said it will also sell its high-end line, Janie and Jack, as well as its intellectual property and online platform.
The company’s Canadian arm, Gymboree Inc., also intends to seek bankruptcy protection, it said.
Gymboree is the second US retailer to file for bankruptcy on Wednesday. Earlier, Shopko Stores, a general merchandise store operator, filed a voluntary petition in Nebraska.
