Gymboree
Bain's $1.8B LBO loaded $1.2B in debt. Interest exceeded operating profit. Filed bankruptcy twice, liquidated all 1,280 stores. 11,000+ workers lost jobs.
- FOUNDED
- 1976
- ACQUIRED
- Bain Capital, 2010, $1.8 billion
- IMPACTS
- 1 documented
Find a local alternative
Look for independent boutiques instead.
check if a business is PE-ownedexcludes Burlington Coat Factory (Canada), Charlotte Russe, Forever 21
Editorial Record
maintained by DeathbyPE. Every claim links to a public source.Timeline
1976
Gymboree founded
2010
Acquired by Bain Capital for $1.8 billion
2019
Gymboree bankrupted twice by Bain Capital's $1.8B LBO debt
CriticalClosure / BankruptcyBain loaded $1.2B in debt. Annual interest went from $0.25M to $91M — exceeding operating profit by $38M. Filed bankruptcy 2017 and 2019. All 1,280 stores liquidated. 11,000+ workers lost jobs.
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Gymboree Files for Bankruptcy Liquidation
Before / After
MetricBefore PEAfter PEΔ
Store count
reported 2019
before 1,280 stores
after 0 (liquidated)
-100%
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