Children's Place and Gap are buying most of what's left of bankrupt Gymboree
NEW YORK (CNN Business) -- Bankrupt Gymboree has found a buyer for its brands. The Children's Place and Gap have agreed to purchase most of what's left of the company.
It's the latest shakeup in the sector as brick-and-mortar stores try to find their footing in a challenging environment.
Children's Place will spend $76 million to acquire the rights to the Gymboree and Crazy 8 brands, and will take over the contract for Gymboree Play & Music, which was spun off in 2016, according to ...