News

Actions

Gymboree files Chapter 11 bankruptcy, Middle Tennessee stores closing

CORP-Digital-Default-Image-1280x720-WTVF.png
Posted at 1:46 PM, Jan 17, 2019
and last updated 2019-01-17 15:05:00-05

NASHVILLE, Tenn. (WTVF/CNN) — Gymboree has filed for Chapter 11 bankruptcy, which will bring the end of its flagship brand.

Gymboree Group said it plans to start closing all of its Gymboree and Crazy 8 branded stores, affecting several locations in Middle Tennessee. The children's clothing retailer filed for bankruptcy for the second time in less than two years late Wednesday.

Gymboree has stores located at Opry Mills, Cool Springs and Lebanon. Crazy 8 also has locations at Opry Mills and Cool Springs, along with a store in Murfreesboro.

Here's a look at all the stores across Tennessee:

  • Crazy 8: 8 stores
  • Gymboree: 10 stores
  • Gymboree Outlets: 2 stores

The company's Janie and Jack stores, a more upscale brand, are expected to be sold through bankruptcy court auction next month. A unit of Goldman Sachs has already agreed to be a bidder.

The filing does not say exactly how many Janie and Jack stores will be saved. There were 149 stores at the time of its first bankruptcy. The company operates more than 900 stores in total, according to the latest filing.

The company filed for bankruptcy the first time in June of 2017 and was able to emerge fairly quickly.

Read more:

*CNN contributed to this story.