Tagged GPS

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Gap to Spin Off Old Navy

SAN FRANCISCO – February 28, 2019 – Gap Inc. (NYSE: GPS) today announced plans to create two independent publicly traded companies: Old Navy, a category-leader in family apparel, and a yet-to-benamed company (“NewCo”), which will consist of the iconic Gap brand, Athleta, Banana Republic, Intermix and Hill City. Gap Inc. expects to effect the separation through…

Gap Inc. Announces $2 Bil Buyback

Market Cap= $13.8 Bil SAN FRANCISCO–(BUSINESS WIRE)– Gap Inc. (NYSE:GPS – News) today announced that its Board of Directors approved several decisions that underscore the company’s financial health and commitment to delivering value to its shareholders. Gap Inc.’s Board of Directors approved an additional $2 billion share repurchase authorization and a plan to increase the…