The American fashion group announced on Tuesday that it has entered into an agreement to sell its Intermix womenswear brand to Altamont Capital Partners as it pushes forward with efforts to streamline its portfolio.
The American fashion retailer has announced the launch of Empower@Work, a collaborative platform supporting women workers in the global supply chain, as well as a set of ambitious gender equity targets for 2025.
According to a new report from Comprar Acciones, the value of the global activewear market should reach $353.5 billion in 2020, as the segment remains somewhat resistant to the economic impact of the Covid-19 pandemic.
Gap Inc. unveiled at a virtual investor meeting on Thursday that it expects to return to profitable growth next year, with plans to double the sales of its Athleta business to $2 billion over the next few years.
The US apparel group is envisaging closing down all its directly operated branches in the UK, France, Italy and Ireland next year - 129 stores in total - maintaining a presence in Europe through franchise partnerships.