Gap ‘not for sale’ says interim CEO

Robert Fisher, Gap Inc.’s interim chief executive, has assured employees that the company is not for sale.

The resignation of Paul Pressler as chief executive on Monday after pressure to curtail more than two years of sluggish sales at its Gap and Old Navy chains came after widespread market speculation that the company could be for sale.
Pressure on Gap’s board has increased since news reports earlier this month that the company had hired Goldman Sachs to explore strategic alternatives including a possible sale or breakup of the retailer.

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