Gap to sell Janie and Jack childrenswear brand
Gap has agreed to sell its Janie and Jack premium children’s fashion retailer to Go Global Retail as part of plans to focus more on its core brands.
In a statement, Gap said the investment platform in the fashion and consumer brand sector is planning to acquire the entire Janie and Jack business, including the ecommerce platform, all store leases, and assets.
Gap Inc. head of strategy Sally Gilligan, said, “As part of Gap Inc.’s Power Plan 2023, and exemplified by this transaction, we are prioritising strategic focus and resources behind the growth and potential of our billion-dollar brands in Old Navy, Gap, Banana Republic and Athleta.”
Gap acquired Janie and Jack in 2019. The brand now has around 115 stores across the US.
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