1. Breaking News: Gap and Old Navy are Splitting Up

    Breaking News: Gap and Old Navy are Splitting Up

    New York (CNN Business) -- Gap and Old Navy have been trending in opposite directions for years. So they're finally splitting up. Gap said Thursday that it would break into two companies. One of the companies will contain Old Navy, while the other yet-to-be-named business, currently called NewCo, will comprise Gap, Banana Republic and other brands, including Athleta and Hill City...

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