Gap plans to separate into two independent publicly traded companies, with Old Navy becoming a standalone company
Gap Inc. said Thursday that it plans to split itself into two independent publicly traded companies—one unnamed company consisting of the iconic Gap brand, and Old Navy.
The yet-to-be-named company will include its Gap brand, Athleta, Banana Republic, Intermix and Hill City. Gap’s current President and Chief Executive, Art Peck, will hold the same position with the new company after the planned separation, Gap said. Sonia Syngal, current President and CEO of Old Navy, will continue to lead that brand as a standalone business.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gap will split into two publicly traded companies, with Old Navy as a stand-alone; stock surges
Read more »
Gap to split itself, restructure Gap brand; stock jumps
Read more »
Old Navy splits off from GapGap Inc announced plans Thursday to create two independent publicly traded companies.
Read more »
Gap Inc.Gap Inc. stock price, stock quotes and financial overviews from MarketWatch.
Read more »
Gap says it will shut 230 stores over the next two years, posts mixed holiday resultsGap said Thursday it plans close about 230 Gap specialty stores over the next two years as it works to restructure its business.
Read more »
Stocks making the biggest moves after hours: Weight Watchers, Papa John's, Mylan and moreSee which stocks are posting big moves after the bell on February 26.
Read more »
Manufacturing Skills Gap: Myth, Or Real Threat To Competitiveness?The skills gap could undermine U.S. manufacturing competitiveness while a growing number of workers miss out on rewarding career opportunities.
Read more »