Is Fast Retailing About to Make an Offer for Gap?

Bloomberg reports that Japan-based Fast Retailing, which already owns specialty apparel seller Uniqlo, might be eyeing Gap Inc. The American casual wear retailer has done a lot to improve itself after over-expanding prior to the Great Recession.

Whether anything will come of these rumours is another matter, however. Fast Retailing head Tadashi Yanai has talked about purchasing Gap as long ago as 2009, but nothing has come of it.