Gymboree
PE-Owned1 Documented ImpactBain'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.
Ownership Information
Gymboree is owned by Bain Capital. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
Gymboree founded
Acquired by Bain Capital for $1.8 billion
Gymboree bankrupted twice by Bain Capital's $1.8B LBO debt
Bain 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.
Gymboree Files for Bankruptcy Liquidation
CNN →Before vs. After PE Acquisition
Store count
Reported 2019
Before PE
1,280 stores
After PE
0 (liquidated)
↓ 100%
Tracked Locations
GA (1)
Atlanta
9873 Main St
Atlanta, GA 30301
555-282-9186
NC (1)
Charlotte
362 Main St
Charlotte, NC 28201
555-639-6576
TX (1)
Austin
1927 Main St
Austin, TX 73301
555-262-3097
WA (1)
Seattle
2568 Main St
Seattle, WA 98101
555-231-7356