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Ex-Gap CEO Art Peck Is Back With a SPAC

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

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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