January 17, 2019 / 5:18 AM / 4 months ago

Clothing retailer Gymboree files for Chapter 11 bankruptcy

Jan 17 (Reuters) - Clothing retailer Gymboree Group Inc said late Wednesday it filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Virginia.

The San Francisco-based company had also filed for bankruptcy in June 2017 and was one of the few brick-and-mortar retailers that managed to escape liquidation in a wave of bankruptcies that swept the sector, amid the rise of online shopping. (Reporting by Gaurika Juneja; Editing by Gopakumar Warrier)

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