Friday, September 8, 2017

Gymboree to exit bankruptcy

Children’s apparel retailer Gymboree Corp. is exiting Chapter 11 bankruptcy as a going concern.
The children's apparel retailer won court approval to exit bankruptcy with a reorganization plan that includes a comprehensive recapitalization that will eliminate about $1 billion in debt. It expects to complete its financial restructuring process and emerge from Chapter 11 by the end of the month.
Gymboree filed for Chapter 11 bankruptcy in June 2017 with a place to close some 375 stores to 450 stores.. . . more

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