San Francisco-based Gap makes deal to buy Gymboree's Janie & Jack

SAN FRANCISCO (KGO) -- The children's clothing stores owned by San Francisco-based Gymboree will survive under the ownership of other retailers, including one based in the Bay Area.

According to a bankruptcy document filed Saturday, Gymboree is splitting its assets between The Children's Place and Gap, which is headquartered in San Francisco.
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The Children's Place will acquire the Gymboree and Crazy 8 brands, as well as Gymboree's Play & Music studios.

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Gap is getting Gymboree's high end Janie and Jack stores, along with Janie and Jack's online business and store leases.
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Gymboree filed for Chapter 11 bankruptcy in January.

The deals still have to be approved by a federal bankruptcy judge.