UPDATE: Gap, Inc. (GPS) said to weigh sale of China business as sales lag - Bloomberg

March 8, 2021 3:08 PM EST

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(Updated - March 8, 2021 3:11 PM EST)

Gap, Inc. (NYSE: GPS) is weighing options including a potential sale for its China business, according to Bloomberg, citing people with knowledge of the matter. The company is working with an adviser to study options and has reached out to prospective suitors to gauge interest for the business.

Deliberations are at an early stage.

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