To improve their clothing factories in Southeast Asia, Gap Inc. is teaming up with TAU Investment Management to create a strategic partnership. They want to make changes to promote sustainability, better worker conditions, and more efficient processes. Gap Inc. will look to TAU’s factories as their preferred suppliers and TAU will look at the suppliers referred by Gap Inc. for priority review in their deal pipeline.
Gap Inc. is a global clothing and accessory retailer associated with Banana Republic, Athleta, Old Navy, Piperlime, and Intermix. Their retail sales in 2013 were over $16 billion. They have 3,600 retail locations in more than 90 countries around the world. Gap Inc. has always been innovative in their global supply chain. That’s one of the reasons why their stores have been so successful. They create quality garments and deliver cost savings to their customers because of their supply chain.
The private equity firm TAU Investment Management transforms global supply chains by improving worker conditions and updating environmental and sustainability processes. They focus on the garment industry in Southeast Asia, making them the perfect partner for Gap Inc. Gap Inc. has a priority to improve the lives of their garment workers.
TAU has a strategic network of apparel relationships. Gap Inc, wants to capitalize on their knowledge to transform their supply chain above and beyond its current standards. Oliver Niedermaier, CEO of TAU said, “We are proud to begin a working relationship with Gap Inc. that enhances our shared values of worker rights and environmental standards. We look forward to a fruitful and ongoing partnership.”
For more information on the Gap Inc.-TAU Investment Management partnership, you can visit the blogs at www.gapinc.com and www.tau-investment.com. It is expected to be both a profitable and productive partnership that improves Gap Inc’s already innovative supply chain.
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