News: ORL Orotongroup enters into a binding agreement with Gap Inc, page-5

Will be hard for Gazal to make a hostile bid. The Lane family and Will Vickers own more than a third. They are more likely to buy out remaining share-holders including Gazal and take it back into private hands.
Previous CEO Sally McDonald left at the right time! GAP was never going to fill Ralph Lauren and the overseas Asian "expansion" was foolhardy. Oroton needs to find a suitable brand ambassador and its niche in the luxury goods market.