The Gap, Inc. acquired Context-Based 4 Casting, Ltd.
October 03, 2021
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The Gap, Inc. (NYSE:GPS) acquired Context-Based 4 Casting, Ltd. on October 1, 2021. As part of the acquisition, CB4’s team will join Gap Inc. as full-time employees. The deal was brokered by Gap Inc.’s Strategic Growth Office. Simon Jaffa, Ariella Dreyfuss, Harel Perlmutter, Netta Bromberg, Daniel Lorber, Anat Even-Chen and Sandra Guzelbahar of Barnea Jaffa Lande & Co. acted as legal advisors to The Gap, Inc.
The Gap, Inc. (NYSE:GPS) completed the acquisition of Context-Based 4 Casting, Ltd. on October 1, 2021. In a related transaction, The Gap, Inc. also acquired Drapr Inc. with a combined consideration $147 million and the consideration paid is along with net of cash acquired. The transaction is funded from net cash available $135 million for investing activities.
The Gap, Inc. is a specialty apparel company in America. The Company offers apparel, accessories and personal care products for women, men and children. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories and lifestyle products for men, women and children. It is an omni-channel retailer, with sales to customers both in stores and online, through Company-operated and franchise stores, websites, and third-party arrangements. Its omni-channel services, including buying online pick-up in store, order-in-store, find-in-store, and ship-from-store, as well as enhanced mobile-enabled experiences, are tailored across its collection of brands. Gap includes adult apparel and accessories, GapKids, babyGap, Gap Maternity, GapBody, and GapFit collections. Banana Republic is a premium lifestyle retailer celebrating exploration and self-expression through timeless quality, versatile fabrics, and exceptionally made womenswear, menswear, and home designs.
THE GAP, INC. 
