Gap Inc.'s $35M bid for Janie and Jack approved

Gap Inc.'s bid to acquire Janie and Jack has been approved, and the retailer will shell out $35 million for the high-end children's brand, according to court documents filed late Monday evening. That's in addition to purchasing the Janie and Jack inventory at cost, plus additional expenses, per a Gap press release. The Children's Place's acquisition of the remaining assets of Gymboree and Crazy 8, for a whopping $76 million, plus the assumption of assumed liabilities, was also approved on Monday
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