Business

Gap said to be weighing sale of China business as sales lag

Gap Inc. is weighing options including a potential sale for its China business, according to people with knowledge of the matter, as the US clothing retailer looks to revamp the operation in the world’s second-largest economy.The company is working with an adviser to study options and has reached out to prospective suitors to gauge interest for the business, said the people, who asked not to be identified as the information is private.Deliberations are at an early stage and the company could…

Source: Gap said to be weighing sale of China business as sales lag

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