Bain bets more on Gymboree as the retailer teeters on the edge of bankruptcy
Bloomberg News
(Bloomberg)—From the outset, Bain Capital was smitten with Gymboree Corp. The private equity firm was convinced the children’s apparel retailer was recession-proof—a great brand with lots of growth potential. So in 2010, Bain outbid shops including Apollo Global Management LLC to acquire the company for the hefty sum of $1.7 billion. Gymboree is No. 392 […]