Gap to expand to furniture, baby care and other categories through IMG licensing deal
Gap Inc. said Monday that it has entered into a licensing deal with IMG that will expand the company's merchandise into a number of new categories, including baby care, furniture and textiles. IMG will first focus on the namesake brand, Banana Republic and Jack and Janie, a Gap children's brand. The deal will also include GapKids and BabyGap. Gap stock has sunk 69.4% over the past year while the S&P 500 index is down 3.5% for the period.
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