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TJX CORPORATE
HR Business Partner, Distribution Center, American Drive Shift c
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TJX CORPORATE
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CDI · Brampton
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TJX CORPORATE
HR Business Partner, Distribution Center West dr Shift b
CDI · Brampton
TJX CORPORATE
HR Business Partner, Distribution Center Torbram Shift b
CDI · Brampton
TJX CORPORATE
HR Business Partner, Distribution Center American Drive Shift b
CDI · Mississauga
TJX CORPORATE
HR Business Partner, Distribution Center West dr Shift c
CDI · Brampton
NORDSTROM
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NORDSTROM CANADA RETAIL INC
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NORDSTROM CANADA RETAIL INC
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ESTÉE LAUDER
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CDI · Toronto
EDITIONS DE PARFUMS FREDERIC MALLE
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L'OREAL GROUP
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L'OREAL GROUP
Sales Representative
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L'OREAL GROUP
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L'OREAL GROUP
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CDI · Hamilton
L'OREAL GROUP
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CDI · Calgary
L'OREAL GROUP
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CDI · Montreal
L'OREAL GROUP
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ZARA
Operations Manager, Oshawa
CDI · OSHAWA
ZARA
Visuel Commercial (Place Ste-Foy)
CDI · QUÉBEC
By
Reuters
Published
Mar 9, 2021
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Gap reportedly weighing sale of China business

By
Reuters
Published
Mar 9, 2021

​Apparel retailer Gap Inc is weighing options including a potential sale of its China business, Bloomberg reported on Monday, citing people with knowledge of the matter.


Gap Inc


The report said the Old Navy parent was working with an adviser to explore its options and has contacted prospective suitors. It added there was a possibility that Gap could also keep the business.

The company, owner of Banana Republic and Athleta brands, said it does not comment on rumors when contacted by Reuters.

Gap entered the Chinese market about a decade ago, betting on rising incomes in the world’s second largest economy to boost its sales. However, it stopped selling Old Navy apparel in the country last year to sharpen its focus on North America.

Gap’s Asian market accounts for about 5% of its overall net sales, according to its latest regulatory filing. The company does not break out country-specific sales.

Shares of Gap, up 43% this year, rose about 1% in extended trading.

© Thomson Reuters 2021 All rights reserved.