SAN FRANCISCO | Gymboree begins winding down operations after 2nd bankruptcy

17Jan - by Editor - 0 - In STL.News

SAN FRANCISCO—Jan 17, 2019— Gymboree has filed for bankruptcy protection for a second time in as many years, but this time the children’s clothing retailer will begin winding down operations for good.

The San Francisco company said late Wednesday that it will close all of its Gymboree and Crazy 8 stores and attempt sell its Janie and Jack business, intellectual property and online business.

“The company has worked diligently in recent months to explore options for Gymboree Group and its brands, and we are saddened and highly disappointed that we must move ahead with a wind-down of the Gymboree and Crazy 8 businesses,” CEO Shaz Kahng said in a prepared statement.

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