20 Gymboree and Crazy 8 Stores to Close in Tennessee

Change this to - Gymboree Group Inc. filed for Chapter 11 bankruptcy protection on January 16 and indicated it will close over 800 total stores in the United States and Canada — including 20 in Tennessee, the Daily News Journal reports. A press release from the company said it will conduct an auction by February 25. It also revealed that it has received a commitment for debtor-in-possession financing. The company plans to sell its Janie and Jack business, including its 139 stores, as well as the intellectual property and online platform for Gymboree. The music and art classes by Gymboree Play & Music were split from the company in 2016 and should not be affected by the court proceedings.

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