Gymboree set to begin expected $1Bn auction, report

Gymboree, the children’s apparel retailer, is expected to fetch more than $1 billion in a planned auction, according to the New York Post. The company has hired Goldman Sachs to begin the auction, the report said, after it was approached by two firms, one of which was Apollo Management, owned by billionaire Leon Black. Other interested firms include Bain Capital, KKR, Apax Partners, and Irving Place Capital.

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