June 19, 2017 / 8:52 PM / in 6 months

Gymboree targets September for confirmation of Chapter 11 plan

Children’s apparel retailer Gymboree Corp said in court papers on Friday it aims to have its plan for emerging from bankruptcy confirmed in September with the help of a rights offering that will raise up to $80 million.

Gymboree earlier this month joined the growing list of retailers, especially apparel retailers, filing for Chapter 11 bankruptcy in the face of intense competition from other bricks-and-mortar stores, declining mall traffic and increased shopping online.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2sM8vpb

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