Mera Chung had known for weeks that her 30-year career in retail was coming to an end. But Chung, a vice president of design for Crazy 8, a division of Gymboree Group Inc., wasnt prepared for what CEO Shaz Kahng andhuman resources chiefBridget Schickedanz would tell her late on a Wednesday afternoon in mid-January.
They had called Chung in to inform her of an imminent bankruptcy filing, Gymborees second in two years, which would accompany the liquidation of two of the companys three brands, including Crazy 8, which caters to lower-income parents. Chung was ready for that; the closure of Crazy 8 was announced in December, and the bankruptcy was long rumored. But then Schickedanz dropped the bomb.
She said, We had to make some other decisi…
Read the full article at: https://theintercept.com/2019/03/25/gymboree-bankruptcy-severance-scam/