Drexler: Gap prepared a contingency bankruptcy plan during early turnaround
Mickey Drexler · Mickey Drexler: The Art of Selling with Retail's Merchant Prince · Feb 4, 2025 · at 10:08
Former Gap CEO Mickey Drexler recounts the severe financial strain of renovating 400-plus stores and clearing out inventory in the 1980s.
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“We were talking about, it was a year and a half, we were in Carmel, and we're sitting there, we come up with a kind of a bankruptcy plan.”
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