Gymboree To Close Approximately 350 Stores

San Francisco — The Gymboree Corporation, following a comprehensive evaluation of its retail footprint, intends to close approximately 350 stores, mainly across the Gymboree and Crazy 8 brands. With the right size store base, the company will be able to focus resources on locations with the greatest potential and improve profitability.

BCBG Contemplates Sale of Substantially All Assets

Los Angeles — BCBG Max Azria Group, LLC (BCBG) and certain of its affiliates have reached an agreement on a comprehensive restructuring which contemplates the sale of substantially all the assets of the company through a Chapter 11 plan to Marquee Brands LLC and Global Brands Group Holding Limited.

American Apparel Files for Chapter 11 Reorganization

Los Angeles — American Apparel, Inc., a vertically-integrated manufacturer, distributor and retailer of branded fashion-basic apparel, has reached a restructuring support agreement with 95% of its secured lenders to implement a pre-arranged financial restructuring.

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