San Francisco — The Gymboree Corporation’s current CEO, Mark Breitbard, will assume the role of chairman of the board of directors, effective February 1, 2017, and will step down as chief executive officer once a successor has been appointed.
retailers
Burlington, Ontario (Canada) — IKEA Canada has signed agreements to acquire an 88MW wind farm located near Drumheller, Alberta. Consisting of 55 turbines, the Wintering Hills wind farm will generate 275 million kWh (kilowatt hours) of energy, the equivalent to the electricity consumption of 54 IKEA stores.
Columbus, Ohio — Limited Stores, LLC, parent company of women’s fashion apparel retailer The Limited, has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The retailer began closing all 250 of its stores earlier this month.