SAN FRANCISCO, Sept. 29, 2017 /PRNewswire/ — The Gymboree Corporation today announced that it has successfully completed its financial restructuring and emerged from Chapter 11 as a new corporation under the name Gymboree Group, Inc. (the “Company” or “Gymboree Group”). The Company’s court-confirmed Plan of Reorganization (the “Plan”) went into effect today, September 29, 2017. With the support of its creditors and stakeholders, Gymboree Group has substantially improved its financial position and established a sustainable capital structure by eliminating more than $900 million of debt from its balance sheet and right-sizing its store footprint.
Gymboree Group’s new competitive financial and operating structure will …
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