Children’s Place Inc. is buying the brand name of children’s clothing retailer Gymboree Group, and Gap Inc. is purchasing the bankrupt retailer’s Janie and Jack chain following a bankruptcy-court auction.
Children’s Place will pay $76 million for assets that include the copyrights, internet domains, trademarks and customer data related to the Gymboree and its Crazy 8 businesses, according to a filing in U.S. Bankruptcy Court in Richmond, Va., on Saturday. Children’s Place also agreed to take over a contract with Zeavion Holding...
GAP buying J&J...they’ll ruin it by trying to remove what the brand represents.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: