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Janie and jack outlet...
Gap sells off its flagship children’s brand Janie and Jack to a new owner
Gap’s Janie and Jack, a children’s fashion brand, markets fashion apparel for infants and toddlers, operating about 115 retail locations and an online store.
The brand, founded in 2002, took ownership of Gap in 2019 after its previous owner, Gymboree Corporation, went bankrupt.
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The total amount of the deal then was about $35 million.
It has now been announced that Janie and Jack will once again take over ownership. The new buyer will be an investment company Go Global Retail. The deal is scheduled to close on April 2, 2021, and the amount has not yet been disclosed.
The brand will continue to develop in the direction already chosen, satisfying the tastes of those seeking high-end, modern clothing with classic elements for children.
According to the official press release from Go Global Retail, the company intends to make significant investments in the digital capabilities and online presence of the newly acquired brand, including developing artificial intelligence and pr
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