Children’s Place Will Buy Gymboree Brand While Gap Acquires Janie And Jack’s

The fate of bankrupt retailer Gymboree’s brands has been determined: The Children’s Place will acquire the rights to both Crazy 8 and Gymboree itself for $76 million, according to court documents. Additionally, Gap will acquire Janie and Jack’s intellectual property, web site, customer data and other assets for $35 million. The transactions must still be approved by the bankruptcy court.

Gap plans to acquire Janie and Jack’s inventory…