Gymboree
Gymboree is an American children's clothing brand founded by Joan Barnes in 1976. Known for coordinating outfits, it grew into a nationwide retail chain before being acquired by Bain Capital in 2010.
The Story
Founded by Joan Barnes in a San Francisco church basement with $3,000 in 1976, Gymboree began as a play center for parents and children before evolving into a children's retail powerhouse.
In 1986, the company launched its clothing line, offering coordinated outfits for newborns through size ten. The brand was known for its matching separates and color-coordinated collections. At its peak, the company operated hundreds of stores across the U.S. and Canada, including Gymboree, Crazy 8, and Janie & Jack banners.
Bain Capital acquired Gymboree for $1.8 billion in 2010, but the company struggled with debt and changing retail trends, filing for Chapter 11 bankruptcy twice in the late 2010s. Today, Gymboree operates as a sub-brand of The Children's Place, continuing its legacy of children's apparel.
Key Facts & Metrics
Company Timeline
1976 — Founded Gymboree
Joan Barnes founded Gymboree in a San Francisco church basement with $3,000, starting as a play center for parents and toddlers.
1986 — Launched children's clothing retail
Gymboree opened a chain of children's clothing stores, expanding from play centers into retail.
1993 — Initial public offering
Gymboree went public in one of the most successful consumer IPOs of the decade.
2010 — Acquired by Bain Capital
Bain Capital acquired Gymboree for $1.8 billion. Barnes had left the company prior to the sale.
