Gymboree Corporation

Gymboree's 2017 and 2019 bankruptcies collapsed a children's clothing retailer that Bain Capital had acquired for $1.8 billion in 2010. The LBO loaded debt while children's apparel faced competition from Target and Amazon. Gymboree's mall-based stores required foot traffic that no longer existed. The second bankruptcy resulted in liquidation of Gymboree stores; Gap bought the brand for online operation. Gymboree demonstrated that children's retail faces the same structural challenges as all mall retail.