When 1969 was founded, there were only a handful of employees. It is a multinational company with five brands (GAP, Banana Republic, Old Navy, Piperlime, Athleta), more than 3,200 chain stores, with an annual turnover of over 654.38+03 billion dollars and 654.38+0.65 million employees.
Speaking of McFashion, it is inevitable that there will be a gap. This cheap fashion brand, which was once popular all over the world, was associated with many stars in that year, such as sharon stone wearing it to attend the Oscar awards party; Another thing that makes the brand so famous is actually Lewinsky, the famous blue skirt, which is also GAP's.
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The old navy of GAP Group withdrew from China.
Old Navy, a sub-brand of GAP Group that once entered the China market with high profile, will leave the China market. A few days ago, the reporter of International Finance News learned from the relevant staff of the old navy that the old navy confirmed that it would withdraw from the China market in early 2020, including offline stores and online shopping malls, and would be closed in early 2020, but did not explain the reasons for its withdrawal.
For young people who love fast fashion brands, the news is a bit sudden. In fact, the old navy has been developing in China for less than six years. Some people close to the GAP group admitted to reporters that this was a decision made by the headquarters. Since last year, from NEW LOOK, TOPSHOP to Forever 2 1, these fast fashion brands that once wanted to "do a big job" in China have finally quit.
Baidu encyclopedia -gap
People's Network -GAP is badly managed in China, and its old navy has no choice but to quit.