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Old Navy is now biggest driver of growth in Gap Inc brands

Last year, it took in almost US$6 billion in sales in the US and made up 40 per cent of the company's global revenue

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Published Mon, May 18, 2015 · 09:50 PM

    New York

    FOR years, Stefan Larsson was Gap's worst nightmare, as he led H&M's dizzying expansion in the United States with a combination of designer chic and rock-bottom prices.

    Three years ago, Gap Inc hired him, and gave him its most challenging brand, Old Navy.

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