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Gap & TAU join hands to develop garment units
04
Dec '14
NYSE listed, apparel marketer, Gap Inc. and TAU Investment Management, an active growth-equity investment firm that transforms global supply chains, have entered into a partnership to promote best-in-class innovations and support the development of more sustainable, efficient, and improved garment factories and mills across Southeast Asia.

The launch of this corporate partnership highlights Gap Inc.’s continued commitment to innovation in its global supply chain, and underscores TAU’s investment model as a means of transforming the global garment industry. The partnership also establishes Gap Inc. as the first anchor brand within TAU’s strategic network of apparel and other corporate relationships.

TAU will treat suppliers referred by Gap Inc. as a priority for review in its deal pipeline, and Gap Inc. will consider TAU’s future-transformed factories for inclusion among its preferred suppliers.

Oliver Niedermaier, CEO of TAU Investment Management 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.”

Sonia Syngal, executive vice president of global supply chain at Gap Inc., said “We invest in initiatives that will be transformative for our industry, our business and the people our business touches. Our legacy of commitment to sustainability, doing business responsibly, and improving conditions for factory workers is intrinsically part of that transformation. The partnership with TAU Investment will further accelerate positive change within our supply chain.”

Gap Inc. is a leading global retailer offering clothing for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands.

TAU Investment Management is a private equity firm established to transform global supply chains. TAU aims to use capitalist solutions to solve capitalism’s worst failures – the undervaluation of human and natural resources. TAU is currently focused on the garment sector in South and Southeast Asia. (GK)

Fibre2fashion News Desk - India

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