Gap Is Spinning Off Old Navy Into a Separate Company

Both will be publicly traded

Gap and Old Navy are set to split next year. Getty Images

Old Navy is coming out from under the Gap umbrella. Gap Inc. today announced it is spinning off Old Navy into its own company. The Gap brand, Banana Republic, Intermix and athletic brands Athleta and Hill City will remain part of the same company under a new, yet-to-be-determined name.

@dianapearl_ diana.pearl@adweek.com Diana is the brand marketing editor at Adweek and managing editor of Brandweek.