Gap is divided into two listed companies, with Old Navy as an independent

Mark Kauzlarich | Bloomberg | Getty Images

Pedestrians pass in front of Gap Inc. and Old Navy Inc. stores in the Times Square area of ​​New York.

Gap Inc. said Thursday that it will split into two independent listed companies – one of the old Navy only, and then a company that has not yet been named, which will include other brands such as Banana Republic and Athleta.

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