RBS Partners, a fund affiliated with Sears Holdings Corp. chairman Edward S. Lampert, boosted its stake in Gap Inc. by 3.3 million shares during the quarter ended June 30. RBS now holds 30.4 million shares of Gap, or 5.5 percent of the company, which was valued at $498.8 million as of Monday’s close.
In February, funds affiliated with Lampert held 35 million shares of the retailer, but it is not clear how that larger stake has changed in recent months. Lampert — the force behind the combination of Sears and Kmart — has been silent on his intentions toward Gap and RBS could not be reached for comment Monday.
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Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)