Gymboree announces closing of $35 million Janie and Jack asset sale

By Caroline Salls

Pittsburgh, March 6 – Gymboree Group, Inc. announced Wednesday that the sale of its Janie and Jack assets closed on March 4, according to a notice filed with the U.S. Bankruptcy Court for the Eastern District of Virginia.

As previously reported, The Gap, Inc. has agreed to pay $35 million for the Janie and Jack assets.

The sale was approved by the court on March 4.

Gymboree is a children’s apparel specialty retailer based in San Francisco. The company filed bankruptcy on Jan. 16 under Chapter 11 case number 19-30258.

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