Gap to split into 2, with Old Navy gaining independence

Gap Inc. is splitting into two. The retailer said Thursday that it’s creating two independent publicly traded companies — low-priced juggernaut Old Navy and a yet-to-be named company, which will consist of the iconic Gap brand, Athleta, Banana Republic as well as the lesser known names Athleta, Intermix and Hill City. The San Francisco-based company...

from New York Post https://ift.tt/2GSInQD