Gap to create 2 independently publicly traded companies

Gap to create 2 independently publicly traded companies

Retailer Gap announced Thursday that it’s creating two independent publicly traded companies — low-priced juggernaut Old Navy and a yet-to-be named company, which will consist of the Gap brands. The company said the spin-off will enable each company to focus on flexibility and pare down costs. It also said that it will be shuttering 230 Gap brand stores over the next two years.

KCooper
KCooper
Top in Business
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