The Children’s Place Plans to Purchase Gymboree and Crazy 8 – And Gap is Buying Janie and Jack
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Heads up Gymboree and Crazy 8 fans!
As many of you know, The Gymboree Group filed for bankruptcy last month and made plans to close all 700+ Gymboree and Crazy 8 stores, with hopes of selling the high-end Janie and Jack brand. And it looks like they just received a bid from Gap, Inc. for $35 million! 😱
That’s right! Gap Inc., which also recently announced that they plan to split into two different companies, is planning to purchase Janie and Jack’s intellectual property, website, customer data, and other assets, if approved by the bankruptcy court. This will allow them to focus on building their portfolio with higher-end brands.