NEW YORK, June 27, 2017 /PRNewswire/ -- Hahn & Hessen LLP announced today that its bankruptcy and restructuring practice group has been selected to represent the Official Committee of Unsecured Creditors in the Chapter 11 case of The Gymboree Corporation and its subsidiaries. The selection is pending the approval of the U.S. Bankruptcy Court for the Eastern District of Virginia. Members of the Creditors' Committee include: Hansoll Textile Ltd., Li & Fung Centennial Pte Ltd., Simon Property Group, Inc., Preit Services, LLC, Hutchin Hill Capital Primary Fund, Ltd, GGP, Inc., and Deutsche Bank Trust Company Americas Trust and Security Services, as Indenture Trustee.
Gymboree operates approximately 1,300 retail stores specializing in children's apparel in all 50 states, Canada and Puerto Rico, as well as international franchise stores in the Middle East, Asia Pacific and Latin America. The stores operate under their three brands of Gymboree, Janie & Jack, and Crazy 8, and had annual revenues of approximately $1.25 billion in FYE 2016 and reported in excess of $1.2 billion in debt as of the filing date.
Founded in 1931, Hahn & Hessen LLP is a full service commercial firm representing secured lenders, official and unofficial creditors' committees, equity committees, employee and retiree committees, investors in distressed situations, purchasers of assets, debtors and companies, governmental entities and creditors holding distressed debt in the negotiation of complex reorganizations. A core area of the Firm's practice is representing creditors' committees in chapter 11 cases involving in a variety of industries throughout the country.
For more information about Hahn & Hessen LLP, see www.hahnhessen.com.
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SOURCE Hahn & Hessen LLP