Gymboree is expected to liquidate all stores, including 7 central Pa. Places: report

Children's Clothing Gymboree Group Inc, which owns Gymboree, Janie and Jack and Crazy 8, is expected to seek bankruptcy protection for the second time since 2017 and close to 900 stores, according to a report by the Wall Street Journal. [19659002] The journal reports that Gymboree started a strategic review of the three brands in December, which could lead to sales or other brand-level transactions, but liquidation of all stores is expected.

Janie and Jack may be the only surviving branch if a buyer can be found, sources told the withdrawal. If not, Janie and Jack will be wound up with the other two brands.

When Gymboree was first filed for bankruptcy protection in 201[ads1]7, the company had more than $ 1 billion in debt from a leveraged buyout in 2010, the withdrawal reported. 19659002] The company has already closed 375 stores of more than 1280.

Gymboree has standard stores in Capital City Mall in Camp Hill, York Galleria in York, at Park City Center in Lancaster and at Susquehanna Valley Mall in Selinsgrove.

There are also outlets in Hershey at Tanger Outletsenter, Gettysberg at Outlet Shoppes at Gettysburg and in Lancaster at the Stores in Rockvale.