Monday, June 5, 2017

Children’s apparel retailer misses critical interest payment

Gymboree Corp. could be filing Chapter 11 sooner than expected.
Struggling to manage its debt and churn a profit, Gymboree missed an interest payment due June 1, for its outstanding 9.125% senior notes due 2018. The missed payment was reported in a filing on Thursday, June 1, by the Securities and Exchange Commission, according to CNBC.. . . more

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