Gemstone Solutions Group, Inc. (f/k/a Gymboree Group, Inc.)

Case No. 19-30258


Case Background

On January 16, 2019, Gemstone Solutions Group, Inc. f/k/a Gymboree Group, Inc. and 10 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Virginia (Richmond Division).  The cases are pending before the Honorable Keith L. Phillips, and are jointly administered under Case No. 19-30258.

On January 17, 2019, Gymboree, Inc. filed a Notice of Intention to Make a Proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act (Canada) (the “Canadian Proceedings”).  The Canadian Proceedings have been assigned Court No. 31-2464088 by the Office of the Superintendent of Bankruptcy Canada.

Norton Rose Fulbright Canada LLP is counsel to Gymboree Canada. KPMG Inc. is acting as Proposal Trustee and is represented by Osler, Hoskin & Harcourt LLP.

Additional information regarding the Canadian proceedings of Gymboree, Inc. under the BIA will be available on the website of KPMG Inc., as Proposal Trustee: home.kpmg/ca/gymboree, or by calling (416) 777-3520 or (833) 467-5379, or by sending an email to gymboree@kpmg.ca.

Important Information & Dates

Plan and Disclosure Statement

On January 31, 2020, the Debtors filed their Plan of Reorganization and the Disclosure Statement related thereto. On March 13, 2020, the Bankruptcy Court entered an order approving the Disclosure Statement.  The Bankruptcy Court held a hearing to consider confirmation of the Plan on May 27, 2020 at 1:00 p.m. (ET) before the Honorable Keith L. Phillips, United States Bankruptcy Court for the Eastern District of Virginia (Richmond Division).  On June 26, 2020, the Effective Date of the Plan occurred, and the Plan was consummated.

Please click below to view all documents related to the Debtors' Plan & Disclosure Statement along with their Confirmation Presentation:

Plan & Disclosure Statement

Confirmation Presentation

Customer FAQs

Please click on the link below for Frequently Asked Questions for Customers.

Customer FAQs

Asset Sale

On January 17, 2019, the Debtors filed a motion to sell substantially all of their assets. On January 17, 2019, the Bankruptcy Court entered an order approving bidding and auction procedures in connection with such sale.  On March 2, 2019, the Debtors filed the Notice of Successful Bidders, Sale Hearing, and Adjournment of the Adequate Assurance Objection Deadline.  On March 4, 2019, the Bankruptcy Court entered an order authozing the sale.

Notice of Successful Bidders

Sale Documents

Deadlines to File Claims

The Bankruptcy Court has set the following deadlines for filing proofs of claim against the Debtors:

• General Bar Date: March 15, 2019, at 5:00 p.m. (ET)

• Governmental Unit Bar Date: July 15, 2019, at 5:00 p.m. (ET)

• Administrative Claims Bar Date: August 24, 2019, at 5:00 p.m. (ET)

Click on "Submit a Claim" above to download a proof of claim form and for more information regarding filing a claim against the Debtors.

Debtors Hearing on First Day Motions

A hearing on the Debtors' First Day Motions was held on January 17, 2019 at 11:00 a.m. (ET) before the Honorable Keith L. Phillips, United States Bankruptcy Court for the Eastern District of Virginia (Richmond Division), Courtroom 5100, 701 East Broad Street, Richmond, Virginia, 23219.  A final hearing on certain of the First Day Motions was held on February 15, 2019 at 4:00 p.m. prevailing Eastern Time.  Please click below to view and download the First Day Motions and the First Day Orders:

First Day Motions

First Day Orders


Dates

August 26 2020 Omnibus Hearing 1:00 p.m. (ET) Statement Noti... Add to Calendar
September 29 2020 Omnibus Hearing 11:00 a.m. (ET) Statement - No... Add to Calendar
+ SHOW ALL DATES
May 19 2020 4:00 PM ET
Voting Deadline Add to Calendar
January 16 2019 __
January 17 2019 11:00 a.m. (ET)
February 14 2019 1:00 p.m. (ET)
February 15 2019 10:00 a.m. (ET)
February 15 2019 10:00 a.m. (ET)
Final Hearing on First Day Motions First Day Orders Add to Calendar
March 1 2019 9:00 a.m. (ET)
March 4 2019 2:00 p.m. (ET)
March 15 2019 5:00 p.m. (ET)
April 11 2019 10:00 a.m. (ET)
May 1 2019 1:00 p.m. (ET)
May 30 2019 1:00 p.m. (ET)
June 20 2019 1:00 p.m. (ET)
July 15 2019 5:00 p.m. (ET)
July 24 2019 1:00 p.m. (ET)
August 12 2019 1:00 p.m. (ET)
August 24 2019 5:00 p.m. (ET)
September 16 2019 1:00 p.m. (ET)
October 16 2019 1:00 p.m. (ET)
November 14 2019 10:00 a.m. (ET)
December 16 2019 1:00 p.m. (ET)
January 28 2020 1:00 p.m. (ET)
February 12 2020 1:00 p.m. (ET)
March 12 2020 1:00 p.m. (ET)
April 21 2020 11:00 a.m. (ET)
May 27 2020 1:00 p.m. (ET)
June 23 2020 10:00 a.m. (ET)
June 26 2020
July 22 2020 1:00 p.m. (ET)
July 27 2020
August 26 2020 1:00 p.m. (ET)
September 29 2020 11:00 a.m. (ET)

Parties

Debtors' Counsel

  • Milbank LLP

    55 Hudson Yards
    New York, NY   10001
    https://www.milbank.com/en/
    Phone: 212.530.5000
    Fax: 212.530.5219

    Dennis F. Dunne, Esq.
    Evan R. Fleck, Esq.
    Michael W. Price, Esq.

  • Kutak Rock LLP

    901 East Byrd Street, Suite 1000
    Richmond, VA   23219-4071
    http://www.kutakrock.com/
    Phone: 804.644.1700
    Fax: 804.783.6192

    Michael A. Condyles, Esq
    Peter J. Barrett, Esq.
    Jeremy S. Williams, Esq.
    Brian H. Richardson, Esq.

United States Trustee and Court Information

  • United States Bankruptcy Court

    Eastern District of Virginia (Richmond Division)
    701 East Broad Street, Suite 4000
    Richmond, VA   23219
    http://www.vaeb.uscourts.gov
    Phone: 804.916.2400

  • Office of the United States Trustee

    Eastern District of Virginia (Richmond Division)
    701 East Broad Street, Suite 4304
    Richmond, VA   23219
    http://www.justice.gov/ust/r04/richmond/index.htm
    Phone: 804.771.2310
    Fax: 804.771.2330

Proposal Trustee

Debtors

Case Number Debtor Name Petition Date
Case Number 19-30258 Debtor Name Gemstone Solutions Group, Inc. Petition Date January 17, 2019
Case Number 19-30252 Debtor Name Gemstone Solutions Intermediate Corporation Petition Date January 17, 2019
Case Number 19-30257 Debtor Name Gemstone Solutions Holding Corporation Petition Date January 17, 2019
Case Number 19-30253 Debtor Name Gemstone Solutions Wholesale, Inc. Petition Date January 17, 2019
Case Number 19-30254 Debtor Name Gemstone Solutions Mark, Inc. Petition Date January 17, 2019
Case Number 19-30255 Debtor Name Gemstone Solutions Operations, Inc. Petition Date January 17, 2019
Case Number 19-30250 Debtor Name Gemstone Solutions Distribution, Inc. Petition Date January 17, 2019
Case Number 19-30256 Debtor Name Gemstone Solutions Manufacturing, Inc. Petition Date January 17, 2019
Case Number 19-30249 Debtor Name Gemstone Solutions RS, LLC Petition Date January 16, 2019
Case Number 19-30248 Debtor Name Gemstone Solutions Card, LLC Petition Date January 16, 2019
Case Number 19-30251 Debtor Name Gemstone Solutions PR, LLC Petition Date January 17, 2019