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Gymboree Group, Inc. is a wholly owned subsidiary of The Children's Place.
Crazy 8 was started in August 2007. It featured lower-priced clothing and was Gymboree's direct competitor for The Children's Place and Old Navy.
In 2010, Bain Capital acquired the company for US$1.8 billion.
In June 2017, Gymboree announced it was filing for
In July 2016, The Gymboree Corporation sold the Gymboree Play & Music business to Zeavion Holding, a private company with a focus on the education and entertainment sectors. Gymboree Play & Music is now completely separate from the Gymboree Corporation and is operating parent-child play classes for ages 0–5. Play & Music operates in over 40 countries and has more than 733 centers internationally. Gymboree Play and Music centers are not affected by the Gymboree stores closing.
Official website
{{DEFAULTSORT:Gymboree Corporation Franchises American companies established in 1976 Clothing companies established in 1976 Retail companies established in 1976 American companies disestablished in 2019 Clothing companies disestablished in 2019 Retail companies disestablished in 2019 American companies established in 2020 Retail companies established in 2020 2010 mergers and acquisitions Early childhood education Early childhood education in the United States Clothing retailers of the United States Bain Capital companies Companies that filed for Chapter 11 bankruptcy in 2017 Companies that filed for Chapter 11 bankruptcy in 2019 Medical and health organizations based in California 1976 establishments in California 2019 disestablishments in California Re-established companies
History
Gymboree was founded by Joan Barnes in 1976.Retail stores
In 1986, the company opened a chain of clothing stores named Gymboree. Gymboree stores offered coordinating children's clothing. The sizes ranged from newborn to size ten. As of January 2019, it operated 380 Gymboree stores, 154 Gymboree outlets, 147Janie & Jack
Janie and Jack is a children's clothing brand founded in 2002 in San Francisco, California. Their current product range includes clothing for newborns up to 24 months old, as well as boys and girls up to age 18. As of 2021, the brand currently op ...
stores, 253 Crazy 8 stores, and 11 Crazy 8 outlets in the U.S. and Canada.
Crazy 8 was started in August 2007. It featured lower-priced clothing and was Gymboree's direct competitor for The Children's Place and Old Navy.
In 2010, Bain Capital acquired the company for US$1.8 billion.
In June 2017, Gymboree announced it was filing for Chapter 11 bankruptcy
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whe ...
protection. As part of the debt management process, it said it would close 375 of its 1,300 stores. In September 2017, the company emerged from bankruptcy. In 2017, the company closed 350 of its 1,281 stores.
In November 2018, it was reported that Gymboree would file for bankruptcy for the second time in 14 months, and as a result, Gymboree announced plans to discontinue the Crazy 8 brand and close all Crazy 8 stores after the holiday season.
On January 17, 2019, Gymboree filed for Chapter 11 bankruptcy protection, closing all Gymboree, Gymboree Outlet, and Crazy 8 stores as a result. The company sold its Janie & Jack stores to Gap, Inc.
The Gap, Inc., commonly known as Gap Inc. or Gap (stylized as GAP), is an American worldwide clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The co ...
Play & Music Centers
In July 2016, The Gymboree Corporation sold the Gymboree Play & Music business to Zeavion Holding, a private company with a focus on the education and entertainment sectors. Gymboree Play & Music is now completely separate from the Gymboree Corporation and is operating parent-child play classes for ages 0–5. Play & Music operates in over 40 countries and has more than 733 centers internationally. Gymboree Play and Music centers are not affected by the Gymboree stores closing.
Relaunch
On June 24, 2019, the Gymboree assets were sold to The Children's Place, who announced that Gymboree would relaunch as an online retailer and would also feature a store-within-a-store concept at The Children's Place stores. It was announced on January 30, 2020, that The Children's Place would relaunch Gymboree in February that year, featuring an "early access" program that would allow early access to the first 10,000 customers who register a spot.Lawsuits
In November 2005, Gymboree settled a lawsuit relating to overtime compensation inRiverside
Riverside may refer to:
Places Australia
* Riverside, Tasmania, a suburb of Launceston, Tasmania
Canada
* Riverside (electoral district), in the Yukon
* Riverside, Calgary, a neighbourhood in Alberta
* Riverside, Manitoba, a former rural m ...
, California for $2.3 million. The lawsuit alleged that Gymboree did not pay mandatory overtime or provide required meal breaks.
References
External links
Official website
{{DEFAULTSORT:Gymboree Corporation Franchises American companies established in 1976 Clothing companies established in 1976 Retail companies established in 1976 American companies disestablished in 2019 Clothing companies disestablished in 2019 Retail companies disestablished in 2019 American companies established in 2020 Retail companies established in 2020 2010 mergers and acquisitions Early childhood education Early childhood education in the United States Clothing retailers of the United States Bain Capital companies Companies that filed for Chapter 11 bankruptcy in 2017 Companies that filed for Chapter 11 bankruptcy in 2019 Medical and health organizations based in California 1976 establishments in California 2019 disestablishments in California Re-established companies