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
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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.
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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
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