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Gap warns of cash shortage, suspends rent payments

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Home Blogs > Business
Apr 23 '20 | By oiam2companyadmin | Views: 42 | Comments: 0

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Gap Inc warned on Thursday it may not survive the next 12 months intact and would need to borrow more funds in the face of widespread coronavirus shutdowns that have crippled the business of clothing retailers globally.
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Source: https://www.reuters.com/article/us-health-coronavirus-gap/gap-warns-of-cash-shortage-suspends-rent-payments-idUSKCN2251UM?feedType=RSS&feedName=businessNews

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