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Gap says current cash and credit lines may not be sufficient to fund operations

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Apr 23 '20 | By oiam2companyadmin | Views: 56 | Comments: 0

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Gap Inc said on Thursday its existing cash levels and credit facilities may not be sufficient to run its business and it would have to take additional measures such as job cuts and new debt financing within the next 12 months to boost its liquidity.
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Source: https://www.reuters.com/article/us-health-coronavirus-gap/gap-says-current-cash-and-credit-lines-may-not-be-sufficient-to-fund-operations-idUSKCN2251UM?feedType=RSS&feedName=businessNews

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