Gap Inc says it is shutting 230 of its stores.
The fashion firm also said splitting off its Old Navy brand, which will be a standalone company.
They say it's part of restructuring efforts aimed at "revitalising" the company.
According to latest figures, sales at Gap are continuing to fall while Old Navy's revenues are on the rise.
Ambani's Jio IPO fully subscribed within hours in record Indian sale
Jio Platforms' $3.2 billion IPO was fully subscribed in less than two hours of public bidding on Wednesday, as investors flocked to India's largest share sale and the first from billionaire Mukesh Ambani's Reliance in two decades.
New agreement to support Hatta Sustainable Waterfalls project
Dubai Municipality will assume responsibility for the management, operation and development of facilities at the Hatta Sustainable Waterfalls project under a new agreement with Dubai Electricity and Water Authority (DEWA).
Dubai showcases sustainability and innovation at WETEX 2026
Dubai is hosting 3,000 exhibitors from 60 countries for the 28th edition of the Water, Energy, Technology and Environment Exhibition (WETEX).
UAE and France sign energy and AI deals at Abu Dhabi business dialogue
Emirati and French companies have signed a series of agreements covering energy, artificial intelligence and advanced technology at the UAE-France Business Dialogue in Abu Dhabi.
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