Clothing chain GAP Inc (GPS) announced its plans to create two independent publicly traded companies — family apparel entity “Old Navy” and a yet-to-be christened company that include the Gap brand, Athleta, Banana Republic, Intermix and Hill City. GAP Inc shares soared in after-market trade following the announcement. The company said in a statement that … Continue reading GAP Inc splits Old Navy into separate public company, posts Q4 results