San Francisco — The Gymboree Corporation has successfully completed its financial restructuring and emerged from Chapter 11 as a new corporation under the name Gymboree Group, Inc., which has eliminated more than $900 million of debt from its balance sheet and is right-sizing its store footprint.
daniel griesemer
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.
San Francisco — The Gymboree Corporation has appointed Daniel Griesemer as the company’s new president and chief executive officer, effective May 22, 2017. Griesemer joins Gymboree after a 5-year tenure leading Tilly’s, an action sports-inspired teen and young adult apparel retailer where he served as president and CEO.
Irvine, Calif. — Jennifer Ehrhardt, chief financial officer of Tilly’s, Inc., a fast-growing specialty retailer with 212 stores, intends to resign. She will continue to serve as Tilly’s CFO for an interim period expected to end in June 2015, and will help with the transition process.