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Hahn & Hessen Selected as Counsel to Creditors’ Committee in The Gymboree Bankruptcy Case

June 28, 2017, 07:00 AM
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Hahn & Hessen LLP announced that its bankruptcy and restructuring practice group has been selected to represent the Official Committee of Unsecured Creditors in the Chapter 11 case of The Gymboree Corporation and its subsidiaries.   The selection is pending the approval of the U.S. Bankruptcy Court for the Eastern District of Virginia.  Members of the Creditors' Committee include: Hansoll Textile Ltd., Li & Fung Centennial Pte Ltd., Simon Property Group, Inc., Preit Services, LLC, Hutchin Hill Capital Primary Fund, Ltd, GGP, Inc., and Deutsche Bank Trust Company Americas Trust and Security Services, as Indenture Trustee.

Gymboree operates approximately 1,300 retail stores specializing in children's apparel in all 50 states, Canada and Puerto Rico, as well as international franchise stores in the Middle East, Asia Pacific and Latin America.  The stores operate under their three brands of Gymboree, Janie & Jack, and Crazy 8, and had annual revenues of approximately $1.25 billion in FYE 2016 and reported in excess of $1.2 billion in debt as of the filing date.
 







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