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for $150 million, the two companies said Monday.
Athleta, which has 250 employees, will stay in Petaluma, said Louise Callagy, spokeswoman for San Francisco-based Gap.
"Everything is going to remain the same," she said. "Athleta will continue to be run out of the Petaluma headquarters."
Athleta will become a brand in Gap's online store, along with Banana Republic, Old Navy and Piperlime, said Glenn Murphy, Gap's CEO.
"Athleta is a great success story with loyal customers that now will become part of the Gap Inc. family of brands," he said.
Founded in 1998, the company markets clothing and footwear designed for swimming, running, hiking, yoga, skiing, tennis, cycling, golf and other sports...
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