Gap Inc. to Split in Two, With Old Navy Standing Alone

Old Navy’s holiday-season partnership for last-minute shoppers lets click-and-collect purchasers skip the hassles of parking. — CREDIT: Shutterstock

Gap Inc. said Thursday it plans to create two independent publicly traded companies–Old Navy, focused on family apparel, and a yet-to-be-named “NewCo” that will consist of the Gap brand, Athleta, Banana Republic, Intermix and Hill City. The spin-off will enable each company to maximize focus and flexibility, align investments and incentives to meet their particular…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe