616900 N.B. Inc., formerly known as Gymboree, Inc., commenced insolvency proceedings on April 23, 2019 by filing a notice of intention to make a proposal under section 50.4 of the Bankruptcy and Insolvency Act. The matter is before the Ontario Superior Court of Justice at Toronto, under court file number 31-2464088. The proceeding is recorded as active. No further filings have been read into this record.
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The officer filed report no. Trustee's Report to the First Meeting of Creditors on Preliminary Administration. 616900 completed an orderly liquidation of all Gymboree®-branded stores under the Agency Agreement and disclaimed all store leases; it has no ongoing retail operations, and the Trustee's activities have focused on taking control of estate cash and statutory administration of the bankruptcy.
As at 2 May 2019Trustee's Report to the First Meeting of Creditors on Preliminary Administration
Professional fees to date
$140K
As at 2 May 2019Trustee's Report to the First Meeting of Creditors on Preliminary Administration
Documents
18 filings
Date
Document
File
Trustee's Report to the First Meeting of Creditors on Preliminary Administration
Cash on hand$142K · Note: Amount of Company's cash left by Gymboree Group to form part of the estate's property rather than reduce the Post-Filing Intercompany Debt; excludes Designated Deposit Accounts which are Agent's collateral.
Financial positionper Statement of Affairs (management estimate) · 616900 N.B. Inc. (single entity, bankrupt estate) — No total stated; components only: cash of $142,372.92 left to form part of estate property; no known secured creditors as at date of bankruptcy; no known preferred creditors as at date of bankruptcy; 92 unsecured creditors with claims totaling approximately $9.5 million (95% i.e. $8.9 million owed to Gymboree Group), excluding unresolved landlord and employee claims; potential recovery of portion of $2.0 million letter of credit contribution uncertain.
Operational summary616900 completed an orderly liquidation of all Gymboree®-branded stores under the Agency Agreement and disclaimed all store leases; it has no ongoing retail operations, and the Trustee's activities have focused on taking control of estate cash and statutory administration of the bankruptcy.
Professional fees$140K · Note: Approximately $140,000 remains unpaid; Gymboree Group expected to pay on Company's behalf as part of Post-Filing Intercompany Arrangements. · Party: NOI Professional Fees (Proposal Trustee's counsel Osler, Hoskin & Harcourt LLP and Company's counsel Norton Rose Fulbright Canada LLP) · Period: NOI proceedings
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “616900 N.B. Inc. (formerly known as Gymboree, Inc.)” (NOI), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/616900-n-b-inc-formerly-known-as-gymboree-inc
Sources last checked · summary updated 14 August 2026 · Report a correction · Printed from proceedings.ca/case/616900-n-b-inc-formerly-known-as-gymboree-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.