Should Gap Inc. Go Private?

The Debrief Podcast Talks Shein, Fashion’s Cloudy Outlook ~/AAAHagA~/RgRkRg5KP0SLaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMDQyMiZ1dG1fY29udGVudD1ib2ZfbG9nb1cFc3BjZXVCCmJhSoljYqrzrqtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~ ADVERTISEMENT ~/AAAHagA~/RgRkRg5KP0QWaHR0cHM6Ly9iaXQubHkvM0RpdU1mSFcFc3BjZXVCCmJhSoljYqrzrqtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~ WHAT YOU NEED TO KNOW TODAY: SATURDAY, APRIL 23, 2022 - [Gap Inc. may be out of options](~/AAAHagA~/RgRkRg5KP0S5aHR0cHM6Ly9idXNpbmVzc29mZmFzaGlvbi5jb20vYXJ0aWNsZXMvcmV0YWlsL2lzLWl0LXRpbWUtZm9yLWdhcC1pbmMtdG8tZ28tcHJpdmF0ZS8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzA0MjImdXRtX2NvbnRlbnQ9aW50cm9XBXNwY2V1QgpiYUqJY2Kq866rUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) as Old Navy runs into trouble. A private equity buyout may be the best path forward, writes Lauren Sherman. - This week, [the outlook for fashion grew cloudy](~/AAAHagA~/RgRkRg5KP0S-aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2JyaWVmaW5ncy9nbG9iYWwtbWFya2V0cy9hLWNsb3VkeS1vdXRsb29rLWZvci1mYXNoaW9uLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMDQyMiZ1dG1fY29udGVudD1pbnRyb1cFc3BjZXVCCmJhSoljYqrzrqtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) as America’s travel rebound contrasted sharply with China’s lockdowns. - BoF Professional analysis now unlocked for non-members: [Climate risk is moving up the agenda](~/AAAHagA~/RgRkRg5KP4RNAmh0dHBzOi8vY2xpY2tzLmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9mL2EvWlFOTENLNlNMQXBiV00xeWpIeldqd35-L0FBQUhhZ0F-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_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzA0MjImdXRtX2NvbnRlbnQ9aW50cm9XBXNwY2V1QgpiYUqJY2Kq866rUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) for fashion investors, with new financial regulations making it easier to factor the subject into investment decisions. - Plus, BoF’s Lauren Sherman goes behind the scenes of the [$2.5 trillion global fashion industry](~/AAAHagA~/RgRkRg5KP0THaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3BvZGNhc3RzL3JldGFpbC90aGUtZGVicmllZi13aHktc2hlaW4taXMtdmFsdWVkLWF0LTEwMC1iaWxsaW9uLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMDQyMiZ1dG1fY29udGVudD1pbnRyb1cFc3BjZXVCCmJhSoljYqrzrqtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) in a new weekly podcast series, The Debrief. TOP STORIES [RETAIL](~/AAAHagA~/RgRkRg5KP0TFaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3RvcGljcy9yZXRhaWw_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzA0MjImdXRtX3Rlcm09NDZPRlpPUUJENUczSkxRQUNCUjJYN1VLREkmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzFfdG9waWNXBXNwY2V1QgpiYUqJY2Kq866rUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [Is It Time for Gap Inc. to Go Private?](~/AAAHagA~/RgRkRg5KP0TtaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL3JldGFpbC9pcy1pdC10aW1lLWZvci1nYXAtaW5jLXRvLWdvLXByaXZhdGUvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMwNDIyJnV0bV90ZXJtPTQ2T0ZaT1FCRDVHM0pMUUFDQlIyWDdVS0RJJnV0bV9jb250ZW50PXRvcF9zdG9yeV8xX3RpdGxlVwVzcGNldUIKYmFKiWNiqvOuq1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) By Lauren Sherman ~/AAAHagA~/RgRkRg5KP0TtaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL3JldGFpbC9pcy1pdC10aW1lLWZvci1nYXAtaW5jLXRvLWdvLXByaXZhdGUvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMwNDIyJnV0bV90ZXJtPTQ2T0ZaT1FCRDVHM0pMUUFDQlIyWDdVS0RJJnV0bV9jb250ZW50PXRvcF9zdG9yeV8xX2ltYWdlVwVzcGNldUIKYmFKiWNiqvOuq1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk [Market share is shrinking, discounts are deepening and the group’s once-powerful grip on the consumer has disintegrated. As a public company, its options are limited.](~/AAAHagA~/RgRkRg5KP0TraHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL3JldGFpbC9pcy1pdC10aW1lLWZvci1nYXAtaW5jLXRvLWdvLXByaXZhdGUvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMwNDIyJnV0bV90ZXJtPTQ2T0ZaT1FCRDVHM0pMUUFDQlIyWDdVS0RJJnV0bV9jb250ZW50PXRvcF9zdG9yeV8xX2Rla1cFc3BjZXVCCmJhSoljYqrzrqtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [READ MORE](~/AAAHagA~/RgRkRg5KP0TraHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL3JldGFpbC9pcy1pdC10aW1lLWZvci1nYXAtaW5jLXRvLWdvLXByaXZhdGUvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMwNDIyJnV0bV90ZXJtPTQ2T0ZaT1FCRDVHM0pMUUFDQlIyWDdVS0RJJnV0bV9jb250ZW50PXRvcF9zdG9yeV8xX2N0YVcFc3BjZXVCCmJhSoljYqrzrqtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [RETAIL](~/AAAHagA~/RgRkRg5KP0TFaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3RvcGljcy9yZXRhaWw_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzA0MjImdXRtX3Rlcm09RVVYSUdFNEZQNUNDNUhIVzVYTFpONE5PUEEmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzJfdG9waWNXBXNwY2V1QgpiYUqJY2Kq866rUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [The Debrief: Why Shein Is Valued at $100 Billion](~/AAAHagA~/RgRkRg5KP0T3aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3BvZGNhc3RzL3JldGFpbC90aGUtZGVicmllZi13aHktc2hlaW4taXMtdmFsdWVkLWF0LTEwMC1iaWxsaW9uLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMDQyMiZ1dG1fdGVybT1FVVhJR0U0RlA1Q0M1SEhXNVhMWk40Tk9QQSZ1dG1fY29udGVudD10b3Bfc3RvcnlfMl90aXRsZVcFc3BjZXVCCmJhSoljYqrzrqtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) By BoF Team ~/AAAHagA~/RgRkRg5KP0T3aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3BvZGNhc3RzL3JldGFpbC90aGUtZGVicmllZi13aHktc2hlaW4taXMtdmFsdWVkLWF0LTEwMC1iaWxsaW9uLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMDQyMiZ1dG1fdGVybT1FVVhJR0U0RlA1Q0M1SEhXNVhMWk40Tk9QQSZ1dG1fY29udGVudD10b3Bfc3RvcnlfMl9pbWFnZVcFc3BjZXVCCmJhSoljYqrzrqtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~ [BoF’s Cathaleen Chen joins chief correspondent Lauren Sherman to unpack the fast fashion giant’s path to its astronomical valuation.](~/AAAHagA~/RgRkRg5KP0T1aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3BvZGNhc3RzL3JldGFpbC90aGUtZGVicmllZi13aHktc2hlaW4taXMtdmFsdWVkLWF0LTEwMC1iaWxsaW9uLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMDQyMiZ1dG1fdGVybT1FVVhJR0U0RlA1Q0M1SEhXNVhMWk40Tk9QQSZ1dG1fY29udGVudD10b3Bfc3RvcnlfMl9kZWtXBXNwY2V1QgpiYUqJY2Kq866rUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [READ MORE](~/AAAHagA~/RgRkRg5KP0T1aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3BvZGNhc3RzL3JldGFpbC90aGUtZGVicmllZi13aHktc2hlaW4taXMtdmFsdWVkLWF0LTEwMC1iaWxsaW9uLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMDQyMiZ1dG1fdGVybT1FVVhJR0U0RlA1Q0M1SEhXNVhMWk40Tk9QQSZ1dG1fY29udGVudD10b3Bfc3RvcnlfMl9jdGFXBXNwY2V1QgpiYUqJY2Kq866rUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [GLOBAL MARKETS](~/AAAHagA~/RgRkRg5KP0TNaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3RvcGljcy9nbG9iYWwtbWFya2V0cz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMDQyMiZ1dG1fdGVybT00SDRES1hHVFlKQUhOT1RZVDJDSlZBRExJSSZ1dG1fY29udGVudD10b3Bfc3RvcnlfM190b3BpY1cFc3BjZXVCCmJhSoljYqrzrqtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [A Cloudy Outlook for Fashion](~/AAAHagA~/RgRkRg5KP0TuaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2JyaWVmaW5ncy9nbG9iYWwtbWFya2V0cy9hLWNsb3VkeS1vdXRsb29rLWZvci1mYXNoaW9uLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMDQyMiZ1dG1fdGVybT00SDRES1hHVFlKQUhOT1RZVDJDSlZBRExJSSZ1dG1fY29udGVudD10b3Bfc3RvcnlfM190aXRsZVcFc3BjZXVCCmJhSoljYqrzrqtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) By Brian Baskin ~/AAAHagA~/RgRkRg5KP0TuaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2JyaWVmaW5ncy9nbG9iYWwtbWFya2V0cy9hLWNsb3VkeS1vdXRsb29rLWZvci1mYXNoaW9uLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMDQyMiZ1dG1fdGVybT00SDRES1hHVFlKQUhOT1RZVDJDSlZBRExJSSZ1dG1fY29udGVudD10b3Bfc3RvcnlfM19pbWFnZVcFc3BjZXVCCmJhSoljYqrzrqtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~ [This week, America’s exuberant travel rebound contrasted sharply with strict lockdowns in China as prospects for the global economy dimmed.](~/AAAHagA~/RgRkRg5KP0TsaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2JyaWVmaW5ncy9nbG9iYWwtbWFya2V0cy9hLWNsb3VkeS1vdXRsb29rLWZvci1mYXNoaW9uLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMDQyMiZ1dG1fdGVybT00SDRES1hHVFlKQUhOT1RZVDJDSlZBRExJSSZ1dG1fY29udGVudD10b3Bfc3RvcnlfM19kZWtXBXNwY2V1QgpiYUqJY2Kq866rUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [READ MORE](~/AAAHagA~/RgRkRg5KP0TsaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2JyaWVmaW5ncy9nbG9iYWwtbWFya2V0cy9hLWNsb3VkeS1vdXRsb29rLWZvci1mYXNoaW9uLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMDQyMiZ1dG1fdGVybT00SDRES1hHVFlKQUhOT1RZVDJDSlZBRExJSSZ1dG1fY29udGVudD10b3Bfc3RvcnlfM19jdGFXBXNwY2V1QgpiYUqJY2Kq866rUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [SUSTAINABILITY](~/AAAHagA~/RgRkRg5KP0TNaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3RvcGljcy9zdXN0YWluYWJpbGl0eT91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMDQyMiZ1dG1fdGVybT02Q1k3WERQU1BOQlBUSEtWN0dEVDZEQ05PSSZ1dG1fY29udGVudD10b3Bfc3RvcnlfNF90b3BpY1cFc3BjZXVCCmJhSoljYqrzrqtSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [Why Climate Risk Is Moving Up the Agenda for Fashion Investors](~/AAAHagA~/RgRkRg5KP4QPAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy9zdXN0YWluYWJpbGl0eS93aHktY2xpbWF0ZS1yaXNrLWlzLW1vdmluZy11cC10aGUtYWdlbmRhLWZvci1mYXNoaW9uLWludmVzdG9ycy8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzA0MjImdXRtX3Rlcm09NkNZN1hEUFNQTkJQVEhLVjdHRFQ2RENOT0kmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzRfdGl0bGVXBXNwY2V1QgpiYUqJY2Kq866rUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) By Whitney Bauck [New regulations would make it easier for investors to consider companies’ environmental footprint when deciding which businesses to back.](~/AAAHagA~/RgRkRg5KP4QNAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy9zdXN0YWluYWJpbGl0eS93aHktY2xpbWF0ZS1yaXNrLWlzLW1vdmluZy11cC10aGUtYWdlbmRhLWZvci1mYXNoaW9uLWludmVzdG9ycy8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzA0MjImdXRtX3Rlcm09NkNZN1hEUFNQTkJQVEhLVjdHRFQ2RENOT0kmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzRfZGVrVwVzcGNldUIKYmFKiWNiqvOuq1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) [READ 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