Rumor: Uniqlo Taking Over Gap?
Posted by: Leonora Epstein
Filed in:
style
1:20PM, Tuesday June 30th 2009
It’s no secret that the Gap has been struggling in recent years to keep up profits and keep the attention of buyers. The denim giant may be doing worse than we thought because rumors have begun circulating that Uniqlo is considering purchasing the business. While at first this takeover would seem unlikely (Uniqlo’s presence in the United States is nowhere near as strong as the Gap’s), Uniqlo actually comes from a rather strong empire called Fast Retail, founded in 1984 by Tadashi Yanai. Yanai reportedly has been looking for new ways to break into the American fashion market. So what would a Gap under Uniqlo regime look like? We have to admit that we’d be interested to find out. [PSFK]
TheFrisky.com is part of the Turner Sports and Entertainment Digital Network
Annika Harris
wrote on June 30 2009 @ 01:46 pm: [report]
Uniqlo clothing is even more boring than the Gap’s so I hope they don’t take over the U.S. retailer.
GreenAura
wrote on June 30 2009 @ 01:56 pm: [report]
Please, God, dont let them take my Old Navy and Banana Republic!! (Aren’t they all linked?) But I give a crap about Gap. I yawn just thinking about their clothes.