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France's Ohayon empire and its string of subsidiaries

Bordeaux - Chain shops but also palaces, buildings, coffee, wine, higher education institutions or a spa: French businessman Michel Ohayon, who has recently been in the sights of the Paris public prosecutor's office, has invested in just about everything with his family. After the liquidation of clothing chain Camaïeu and the receivership of Go...

10 Mar 2023

BusinessFeatured

Gap reports tough Q4, rejigs leadership team

Fourth quarter net sales at Gap, Inc. of 4.24 billion dollars, were down 6 percent compared to last year, and comparable sales were down 5 percent. The company’s store sales decreased 3 percent compared to last year, while online sales decreased 10 percent and represented 41 percent of total net sales. For the full year, the company’s net sales...

10 Mar 2023

BusinessFeatured

H&M, Zara and Gap among brands found to be unfairly treating Bangladesh suppliers

A new report by Transform Trade has found a number of major high street fashion retailers to be paying and treating their Bangladeshi suppliers “unfairly”. The likes of H&M, Gap, Next, Primark and Zara are among the brands named for paying factories below the cost of production. Entitled ‘Impact of Global Clothing Retailers’ Unfair Practices on...

9 Jan 2023

Business

Brands attempt to cover tracks following PETA investigation into down suppliers

Following an investigation into Vietnam-based down suppliers, a number of retailers have reportedly attempted to cover their tracks and remove any links to producers of the material. The People for the Ethical Treatment of Animals (PETA) unveiled its findings from its investigation into Vietnamese farms and slaughterhouses last month, revealing...

19 Dec 2022

Business

Patagonia sues Gap for copying an icon of its designs

Outdoor clothing retailer Patagonia has filed a lawsuit against Gap Inc for copying its iconic flap pocket. The American brand said the design has been used on its fleeces for over three decades. In a filing in a San Francisco federal court, Patagonia claims Gap’s fleece has striking similarities, featuring a similar rectangular logo above the...

24 Nov 2022

Fashion Featured

Gap Inc confirms Banana Republic is returning to the UK

Gap Inc. confirms that Banana Republic and Athleta will start selling within the UK and Ireland again through its joint venture with Next announced in September 2021, where Next owns 51 percent and Gap owns 49 percent. The move builds on the success of the Gap partnership, which has seen the apparel brand reintroduced to the British high street...

21 Nov 2022

BusinessFeatured

Gap posts profit as Q3 sales increase

Third quarter net sales at Gap Inc. of 4.04 billion dollars, were up 2 percent compared to last year, while comparable sales were up 1 percent year-over-year. The company's reported net income was 282 million dollars and adjusted net income was 260 million dollars. The company anticipates that total company net sales could be down mid-single...

18 Nov 2022

People

Gap appoints new board member

Gap has appointed Richard Dickson to its board of directors. Dickson is currently the president and chief operating officer of global toy company Mattel, and previously served as president and CEO of the branded businesses at The Jones Group, a designer, marketer, and wholesaler of lifestyle brands. He is also the founder of high-end cosmetics...

11 Nov 2022

Business

Gap launches branded goods through Amazon US and Canada

Gap has announced a new distribution partnership with Amazon Fashion which will see it offer a range of stock on the marketplace’s US and Canadian sites. As part of the agreement, the American label will be launching a selection of basic essentials, ranging from hoodies and t-shirts to underwear and sleepwear, for adults, teens, kids and babies....

11 Nov 2022

People

Kanye estimates two billion dollar losses following anti-Semitic rants

Kanye West lost two billion dollars in a single day, he said Thursday, as business partners rushed to dump the rapper in the wake of a series of anti-Semitic outbursts. The music and fashion mogul has seen lucrative commercial tie-ups shelved as companies including Adidas and Gap took fright at comments dubbed hate speech by activists. "I lost...

28 Oct 2022

Business

Gap to remove Yeezy Gap products from stores immediately

Gap, which ended its partnership with Ye, formerly Kanye West, in September, have confirmed it is accelerating the removal of Yeezy Gap products from its store and have shut down the dedicated website for the brand. In a statement, Gap said: “In September, Gap announced ending its Yeezy Gap partnership. Our former partner’s recent remarks and...

26 Oct 2022

Fashion

Yzy Gap Engineered by Balenciaga unveils second collection

Kanye West (Ye) and Demna Gvasalia’s joint venture, Yzy Gap Engineered by Balenciaga, has unveiled its second collection amid rifts between the rapper-turned-designer and the American retailer. The new collection expands the offer beyond its typical black hoodies and sweatpants to now also include outerwear and knitwear, alongside “redefined...

23 Sept 2022