The CEO of the American fashion group, who stepped into his role in early 2015, will be succeeded by chairman of the board, Robert J. Fisher, heir of the company's founding family, who takes over as interim CEO.
Gap, Inc. has given an update on the upcoming separation of its businesses into two companies, revealing plans to almost double Old Navy’s physical store count, while the Gap brand will refocus around denim.
Gap Inc. has announced that it is splitting into two separate publicly traded companies as it aims to turn around its namesake brand with the help of a revitalized marketing strategy and widespread store closures.
Karl Lagerfeld has inked a new collaboration; this time with fashion entrepreneur and style icon Olivia Palermo. She will style a selection from the Lagerfeld's fall 2019 collection; and co-create some bespoke designs.