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
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.
Since his arrival, Mr Larsson has led a striking turnaround at the low-…
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