Janie and Jack stores have been spared from the chopping block.
“This is an exciting outcome for Janie and Jack, and we are incredibly pleased that our brand will continue to serve our customers with its unique modern classic aesthetic as part of the Gap Inc. family,” said Shelly Walsh, general manager of Janie and Jack, in a statement.San Francisco-based Gymboree, which
, also is selling rights to the Gymboree and Crazy 8 brands to The Children's Place for $76 million, according to a bankruptcy court document filed Saturday.“The Gymboree acquisition provides us with the opportunity to revitalize the Gymboree brand across various channels,” said Jane Elfers, president and CEO of The Children’s Place Inc., in a statement to USA TODAY. “We are excited for the opportunity to fill the void in the marketplace for this unique product.
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