With Gymboree filing for bankruptcy, this is what I would do if I was Joey. I'd poach a top exec or two who helped build that company, give them a significant ownership position in GIGL, and let them take over and grow GIGL.
Joey would have to step down though. He'd just be in the way of some successful people growing this company. Everything Parsi has done to grow this company has FAILED so let someone who has succeeded run with GIGL.
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