Press Release

10/02/2013

Gap Inc. Announces Change in Design Team at Banana Republic Brand

SAN FRANCISCO – Oct. 3, 2013 – Gap Inc. (NYSE: GPS) today announced that Simon Kneen, executive vice president of design and Creative Director for Banana Republic, will be leaving the company, effective December 31, 2013. Kneen has been in the position since January 2008.

“In the last five years with the brand, Simon has led with passion, creativity and a thoughtful approach to designing modern and versatile styles for professional men and women,” said Jack Calhoun, Global Brand President, Banana Republic. “As we compete to win on the global stage, now is the right time to make a change.”

The company said it will begin a search for a new head of design and creative director immediately.  

Kneen will remain with the Banana Republic design team through the end of the year to manage through the transition. Julie Rosen, a 19-year veteran of Gap Inc., will continue in her role as EVP of Banana Republic North America, leading Merchandising and Inventory Management for the specialty business. Kneen’s final collection for Banana Republic will be Summer 2014.

Banana Republic continues its relationship with existing design collaboration partners, including L’Wren Scott, whose limited-edition collection will be available at select Banana Republic retail locations worldwide and online December 5, 2013.

About Banana Republic

Banana Republic is a global apparel and accessories brand focused on delivering modern, covetable style for professional women and men. The brand offers elevated clothing, handbags, jewelry, and eyewear designs at accessible prices. Dedicated to helping customers achieve professionally and personally, Banana Republic offers versatile work wear that can be styled for any occasion – from desk to dinner.  A division of San Francisco-based Gap Inc. (NYSE: GPS), Banana Republic can be found in over 650 company-operated and franchise retail locations: United States, United Kingdom, Canada, Japan, Italy, France, Asia, Eastern Europe, Latin America and the Middle East. Customers can also shop online or at (888) BR-STYLE. For more information, please visit gapinc.com.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. Fiscal year 2012 net sales were $15.7 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,100 company-operated stores, over 300 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

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