You will be redirected back to your article in seconds
Skip to main content

Gap and TAU Partner to Accelerate Supply Chain Innovation in Asia

Gap Inc., parent company of Gap, Old Navy and Banana Republic, announced Wednesday that it is partnering with TAU Investment Management in hopes of raising $1 billion to transform Southeast Asian garment factories into more sustainable, efficient and improved facilities.

The partnership reinforces Gap’s growing commitment to its global supply chain and establishes the company as the first mainstay brand within TAU’s network of apparel and corporate relationships. TAU will treat suppliers referred by Gap as a priority in its deal pipeline, while Gap will administer data and guarantees to consider the factories that TAU transforms.

Oliver Niedermaier, TAU CEO, said, “We are proud to begin a working relationship with Gap Inc. that enhances our shares values of worker rights and environmental standards.” He added, “We look forward to a fruitful and ongoing partnership.”

Gap Inc. executive vice president of global supply chain Sonia Syngal said, “We invest in initiatives that will be transformative for our industry, our business and the people our business touches. Our legacy of commitment to sustainability, doing business responsibly, and improving conditions for factory workers is intrinsically part of that transformation. The partnership with TAU Investment will further accelerate positive change within our supply chain.”