🠈 Gymboree 🠊

Gymboree Play & Music

The company called Gymboree Play and Music offers music and art classes for children ages newborn to five. This division was acquired by ZEAVION Holdings before the bankruptcy of Gymboree Corporation. This is fitting as the store founded as a place for kids to learn and play. So one could say the bankruptcy of the large corporation called Gymboree returned the company to its roots.

Gymboree Corporation

Gymboree Corporation developed a huge chain of mall based stores. It failed. The Chidren's Place bought the Gymboree and Crazy 8 brands and might open stores. Gap, Inc. bought the Janie & Jack brand.

This page provides the corporate history of a large chain that declared bankruptcy in 2019. The site showed press releases from 2001-2019 when I made this page. I suspect they will ultimately delete reference 6.

1976: Joan Barnes founded KinderGym in the basement of the Marin County JCC.².
1986: Company opened a chain of clothing stores named Gymboree.¹
1993: Gymboree, with 117 stores in 27 states, had a wild IPO on NASDAQ with the symbol GYMB.⁴
2001: Gymboree sold its Zutopia line to The Wet Seal.⁶
2002: Gymboree launched Janie & Jack retail stores.
2006: Gymboree closed the Janeville division which had 17 stores of Gymboree's 698 stores.⁶
2007: Gymboree launched the Crazy 8 discount chain.
2007: Gymboree repurchased 1.4 million shares for $50 million.
2010: Bain Capital, via Giraffe Acquisition Corporation, acquired Gymboree at $65.40 per share for US $1.8 billion. Gymboree had 1049 stacquiredores at the time. ^1,6.
2016: Gymboree sold Gymboree Play & Music to ZEAVION Holding for aproximately $80 million.⁶
2016: Gymboree bought senior unsecured notes for $40 million.⁶
2017: Gymboree filed Chapter 11. It closed about 400 of 1,300 stores.^1,2
2017: Gymboree re-emerged from bankruptcy.
2018: Gymboree closed Crazy 8 after holidays.¹
January 17, 2019: Gymboree declared a second bankruptcy and closed all stores.
2019: Hilco and others liquidated Gymboree stores.⁸
2019: The Children's Place bought the Gymboree and Crazy 8 Brand. Gap Inc. bought Janie & Jack.

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References:

Wikipedia - Gymboree (Drawn 10/12/2019)
USA Today - Gymboree History (Drawn 10/12/2019)
Romper - Gymboree closes all stores (Drawn 10/12/2019)
Retri - Gap buys Gymboree Brands (Drawn 10/12/2019)
NY Times - Gymboree IPO (Drawn 10/12/2019)
Gymboree - Press Releases (Drawn 11/11/2019) 2458769
Funding Universe - Gymboree (Drawn 10/12/2019)
Global Newswire - Gymboree Liquidation (Drawn 10/12/2019)

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