US: Gap adds Tsang to board ahead of China opening
Specialty clothing retailer Gap Inc has tapped Katherine Tsang, chairperson for Greater China at the Standard Chartered Plc bank, as its latest board member as it prepares to open its first stores in the country.
Ms Tsang, who is based in Hong Kong, will join the board of directors on 16 August in a move that expands it from 10 to 11 members.
"Katherine's successful track record leading and growing a multinational business in China's flourishing consumer market makes her a tremendous resource to our board as we embark on a new phase of international expansion," said Glenn Murphy, Gap Inc chairman and CEO.
"She will also bring a unique dimension to our board as one of the top women executives in China."
The appointment comes after Gap revealed last October that it plans to open its first store in China this year.
Murphy said at the time: "We've been looking at the Chinese market for the better part of two to three years.
"The Europeans are represented very strongly through Zara and H&M, the Japanese are represented through Uniqlo, but there's no real significant American presence in terms of branding, product and aesthetics in China. We feel it's a good time for us."
With over 30 years of professional experience, Ms Tsang is currently responsible for the bank's activities spanning China, Hong Kong and Taiwan. Prior to this, she was the company's executive vice chairman and CEO for China.
"Having spent a great deal of time in North America, I deeply admire the company's brands, cultural relevance and commitment to social responsibility," she said.
"It will be my honour to contribute in some way to building upon the legacy of the company's founders, Doris and Don Fisher."
Help test our new apparel sourcing tool.
Fashion retailer Inditex has reported double digit growth in sales over the first nine-months of the year, after a significant period of new store openings....
Spanish textiles firm The Inditex Group is to launch its Massimo Dutti retail chain in the South Korean market. ...
Spanish fashion giant Inditex Group has hit the 5,000-store mark with a new Zara opening in Rome....
Same-stores sales at specialty apparel retailer Gap Inc rose 4% in November as shoppers "responded well" to its initial holiday promotions....
- Rana Plaza four years on – Timeline of change
- Why collaboration is key to fashion supply chains
- Industry groups reaffirm commitment to Bangladesh
- Trump and Brexit get a dose of pragmatism
- Using worker surveys to drive supply chain change
- Adidas to digitalise Speedfactory concept
- Nike filed patent for "reinforced denim"
- M&S extends sourcing deal with Lindsey brothers
- Gap unveils five-year sustainable fibres pledge
- US Q1 in brief – Columbia Sportswear, Amazon
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Outdoor performance apparel 2016: A broader perspective