SAN FRANCISCO – April 15, 2014 – Gap Inc. (NYSE: GPS) today announced that Banana Republic has named Marissa Webb as Creative Director and Executive Vice President of Design, effective April 28. She will be responsible for guiding the brand’s overall creative direction, as well as leading global product design for Banana Republic Women’s, Men’s, and Accessories. Marissa will report to Global President of Banana Republic, Jack Calhoun.
“I am so excited for Marissa to bring her own special touch to the brand,” said Calhoun. “What she delivers today is so fresh and relevant, I know her design sensibility will move Banana Republic forward in our effort to deliver Modern American style. I can’t wait to have her on board.”
A celebrated fashion designer, Marissa Webb is most recently known for her eponymous upper contemporary label. Prior to branching out on her own during 2011, she spent time at Polo, Club Monaco and over a decade at J. Crew Group Inc., where she served in various design roles, including Head of Womenswear and Accessories Design. Webb will retain her role as President and Creative Director at Marissa Webb (M Webb LLC), in addition to her newly appointed role at Banana Republic. Webb’s first collection for Banana Republic is expected in the summer of 2015.
“I'm thrilled to be joining the extremely passionate, talented design and creative teams at Banana Republic,” said Webb. “The brand has such a beautiful history which I truly admire. This is an amazing opportunity for me to combine my unique vision with a brand that has such a strong legacy. I'm excited to be joining Banana Republic and being able to make an impact for our modern customer.”
Gap Inc. also announced that it intends to join M Webb LLC’s minority investors by investing in the Marissa Webb label. Initially launched exclusively at Barneys New York, the Marissa Webb Collection is now available in over 30 stores globally, inclusive of select locations within Gap’s Intermix division, as well as online. Calhoun will work with Webb as a strategic partner in the growth and development of her business.
This press release contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," "project," and similar expressions also identify forward-looking statements. Forward-looking statements include statements regarding Gap Inc.’s intent to invest in M Webb LLC.
Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause the company's actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, risks related to an investment by Gap Inc. in M Webb LLC.
Additional information regarding factors that could cause results to differ can be found in the company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2014, as well as the company’s subsequent filings with the Securities and Exchange Commission.
These forward-looking statements are based on information as of April 15, 2014. The company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.
About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. Fiscal year 2013 net sales were $16.1 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,100 company-operated stores, over 350 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.
About M Webb LLC
Marissa Webb has always had an intimate and creative relationship with fashion. A graduate of FIT, her talents have been recognized by the fashion world for over 15 years. Her eponymous label exemplifies Marissa’s individual style and personality and appeals to the woman who appreciates timeless fashions but maintains the confidence to incorporate contrasting and unexpected pieces. Marissa’s innovative designs embody a playful feminine elegance while integrating hits of cool masculine edge combined with a taste for fine quality. For more information, please visit www.marissa-webb.com.