New Exec at the Helm of GapKids
San Francisco, Gap has announced that former Toys “R” Us executive Pamela Wallack will take charge of GapKids, babyGap and Gap Maternity as executive VP. She will report directly to Gap Brand president Cynthia Harriss.
Christopher & Banks Adds Former Galyan’s Head to Board
Minneapolis, Christopher & Banks Corp. has added Robert Mang to its board of directors. He was chairman and CEO of Galyan’s Trading Co. from 2000 to his retirement in 2004.
His addition expands the retailer’s total number of board seats to eight and the number of independent directors to six.
Tommy Hilfiger Receives Five Takeover Offers
New York City, Tommy Hilfiger has received five separate takeover offers, as the fashion design company seeks a buyer while struggling with its U.S. wholesale business, according to today’s Financial Post.
According to sources close to the company, private equity firms Apax Partners and Oaktree Capital Management have submitted bids; names of the remaining three bidders are not yet available.