The ratings agency based that conclusion on Gymboree’s continuing support of its financial sponsor, Bain Capital. The children’s retailer has been operating with significant leverage since Bain’s 2010 leveraged buyout transaction for $1.8 billion. The company has had an unsustainable capital structure since the buyout because of negative same-store sales trends and decreasing cash flow.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)