[BusinessTeam] no more babygear

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Baby Products Retailer Babygear.com Shuts Down 
NEW YORK (VENTUREWIRE) -- Babygear.com, which sold baby products online,
has 
shut down and filed for Chapter 7 bankruptcy protection. In a statement on

its Web site, Babygear says it is won't be able to ship any orders or
issue 
credits and "any further matters will be handled by the court." Last July 
Babygear bought iVillage's iBaby unit. iVillage took a stake in Babygear
as 
part of the deal. Babygear is also backed by Bertelsmann's Gruner + Jahr 
publishing unit and VantagePoint Venture Partners. 
http://www.babygear.com 


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