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Ex-Gap CEO Art Peck Is Back With a SPAC

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Ex-Gap CEO Art Peck is planning a $200M IPO through a SPAC called Good Commerce Acquisition Corp. focused on modern fashion brands.
Peck's Good Commerce Acquisition Corp. believes stores still have a key role in retail.
CREDIT: THINK b/Adobe Stock

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Former Gap CEO Art Peck plans to raise $200 million for his Good Commerce Acquisition Corp., the latest bigwig to ride the SPAC, or special acquisition company, gravy train. As a SPAC, Good Commerce, incorporated in the Cayman Islands, aims to acquire apparel and other brands with “business models for tomorrow” that “sit on modern,…

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