Children’s Place Inc. is buying the brand name of children’s clothing retailer Gymboree Group, and Gap Inc. is purchasing the bankrupt retailer’s Janie and Jack chain following a bankruptcy-court auction. Children’s Place will pay $76 million for assets that include the copyrights, internet domains, trademarks and customer data related to the Gymboree and its Crazy 8 businesses, according to a filing in U.S. Bankruptcy Court in Richmond, Va., on Saturday. Children’s Place also agreed to take over a contract with Zeavion Holding...

Source: Wall Street Journal March 02, 2019 19:18 UTC