plans to acquire Gymboree's high-end kid's clothing brand Janie and Jack for $35 million, as it takesvalue-focused brand Old Navy to create two separate companies.
According to the document, filed in a US Bankruptcy Court in Richmond, Virginia, Gap plans to buy the brand's intellectual property, e-commerce site, customer data, and other assets for $35 million. The company is currently owned by Gymboree, a children's clothing company that filed for
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Gap is splitting into two companies: Old Navy and everything elseGap Inc. will spin off its better-performing Old Navy brand into a separate public company. Its stock leaped as much as 23%. Is there still a gap? KTLA getzyrosas3 Did you know the Old Navy Outlets design (yes, design) their products for the outlet stores? What’s the definition of outlet to you? oldnavy gap retailers retail insidestory
Fuente: latimes - 🏆 11. / 82 Leer más »
Gap to spin off Old Navy as stand-alone company, stock skyrockets more than 25%Gap Inc. stock surges in the extended session Thursday after the retailer says it will split itself into two publicly traded companies, one consisting of its Old Navy brand and a yet-to-be-named company with its Gap, Athleta, Banana Republic, Intermix, and Hill City brands, as sales at the flagship Gap brand fell 5% globally in the fourth quarter.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »
Gap to spin off Old Navy as a stand-alone companyOld Navy’s business model and customer base have diverged from the Gap’s other specialty brands, executive says. Who else had no idea they weren’t stand alone companies
Fuente: washingtonpost - 🏆 95. / 72 Leer más »