Gap ditches plans to spin off Old Navy

// Gap will no longer pursue plans to separate Old Navy from rest of the group
// The retailer said last year it will “revitalise” the company
// Gap’s stock price rose 16% a day after the plans were first announcedGap has ditched its plans to separate its subsidiary Old Navy from the rest of the group – which includes Gap, Old Navy and Banana Republic.
Despite first revealing plans to break up the fashion group last year to “revitalise” the company, resulting