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Hereҳ why Gap Inc. just spun Old Navy into its own publicly traded company

Old Navy is the one brand within Gap’s portfolio that has been thriving over the last few years.

Today, Gap Inc. announced that it is splitting into two independent, publicly traded companies. Old Navy, the one brand within the portfolio that has been thriving over the last few years, will exist as its own entity. Meanwhile, the other brands within the umbrella–Gap, Athleta, Banana Republic, Intermix, and the newly launched Hill City–will fall under a different holding company. In 2017, Old Navy’s sales were $7.2 billion, while Gap’s were $5.3 billion, and Banana Republic’s were $2.4 billion.

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https://www.jameknowln.com/2019/03/here-why-gap-inc-just-spun-old-navy.html

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