Global, Iconic American Company to Become TAU’s First Anchor Brand
Submitted by: Gap Inc.
Posted: Dec 03, 2014 – 02:00 PM EST
New York/San Francisco, Dec. 03 /CSRwire/ - Today TAU Investment Management and Gap Inc. announced 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.
Gap Inc. continues to build upon its long history of helping to improve and enhance the lives of garment workers. More than twenty years ago, Gap Inc. issued one of the industry’s first supplier guidelines, and served as a founding member company to the International Labour Organization’s Better Factories program.
On the partnership, Oliver Niedermaier, CEO of TAU Investment Management stated, “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.”
“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,” said Sonia Syngal, Executive Vice President of Global Supply Chain at Gap Inc.
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.
For more information about TAU Investment Management, please visit www.tau-investment.com.
About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. Fiscal year 2013 net sales were $16.1 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, almost 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.
About TAU Investment Management
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 industry in South and Southeast Asia.