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Stock Market & Financial Investment News

News Breaks
February 27, 2014
06:07 EDTLVMUY, GPS, PVHJ. Crew considering possible IPO this year, NY Post reports
J. Crew, which is owned by Leonard Green & Partners and TPG Capital, is in talks with banks for an IPO, the New York Post reports. he retailer could fetch a valuation of up to $5B, a source says. An IPO could occur this year. Reference Link
News For PVH;GPS;LVMUY From The Last 14 Days
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January 29, 2015
13:23 EDTGPSGap says eliminating Creative Director role
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January 23, 2015
15:37 EDTGPSGap to close Piperlime brand
Gap announced the decision to close its Piperlime brand, including the online platform and single store in New York, by the end of the first quarter of fiscal year 2015. The company is committed to executing against its long-term strategy of driving profitable top line sales, and going into the new fiscal year, the company will focus on its portfolio of five brands – Gap, Old Navy, Banana Republic, Athleta and Intermix, as well as digital and global growth. While Gap Inc. does not break out Piperlime’s sales independently, the brand is by far the smallest of the company’s portfolio with yearly revenue below $100M, representing less than 1% of Gap Inc.’s total revenue base of over $16B, the company said. The wind-down costs associated with the decision are not material to the company’s financials, Gap added.
January 21, 2015
12:12 EDTGPSBest Buy, home retailers seen getting biggest bump from Sears demise
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