Company to Close Approximately 350 Stores Mainly Across Gymboree and Crazy 8 Brands; Allows Company to Focus Resources on Locations with Greatest Potential and Enhance Profitability
Court-Supervised Restructuring Process Proceeding As Planned
San Francisco, 2017-Jul-14 — /EPR Retail News/ — The Gymboree Corporation (the “Company” or “Gymboree”) today announced that, following a comprehensive evaluation…
Company Continues to Operate Business As Usual Restructuring Facilitated through Voluntary Chapter 11 Filing Will Reduce Debt by Over $900 Million Vast Majority of Trade Creditors Critical to Business Expected to be Paid in Full Secures $35 Million in New-Money Financing to Support Operations
San Francisco, 2017-Jun-13 — /EPR Retail News/ — The Gymboree Corporation (the “Company”…