The Gap
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Gap Inc. might be splitting in two — separating Old Navy from everything else — but that doesn’t mean the company is done bringing in new names.
The retailer agreed to pay $35 million for certain assets of the Janie and Jackie children’s wear business, which were up for sale in the Gymboree bankruptcy auction. The Children’s Place scooped up Gymboree and Crazy 8 in the auction.
The purchase agreements were signed Friday, but released in court documents filed Saturday.
