The Gymboree Corporation announced that, following a comprehensive evaluation of its retail footprint as part of its previously announced court-supervised financial restructuring, the company intends to close approximately 350 stores.
Gymboree has filed for Chapter 11 bankruptcy protection and expects to operate its overall business and the majority of its stores during the restructuring process. See what company executives had to say about the benefits of restructuring and what it means moving forward.
The Gymboree Corporation announced the appointment of Daniel Griesemer as the company’s new President and Chief Executive Officer, effective May 22, 2017. Here is how his appointment will benefit the company.