Old Navy spin-off in doubt after Gap's Peck departs: analysts

(Reuters) – Shares of Gap Inc (GPS.N) fell nearly 10% on Friday, as the surprise departure of Chief Executive Officer Art Peck and persistent declining sales, threw the apparel retailer’s planned spin-off of its Old Navy brand into question. Peck, who joined the company in 2005 and has held the top job since 2015, planned to split Old Navy into […]

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