Gap Co-Founder Don Fisher Passes Away
Donald Fisher, who along with his wife Doris started Gap Inc.
with a single denim store in San Francisco in 1969, has passed away at the
age of 81.
Glenn Murphy, CEO and chairman of the board of Gap Inc., said
in a press release, “Don and Doris took a simple idea and turned it into
a brand recognized as a cultural icon throughout the world and changed the
face of retail forever.”
Among Mr. Fisher’s best moves in running the business was
his decision to hire Millard (Mickey) Drexler as the company’s president
in 1983. Mr. Drexler, current chief at J. Crew, took the company from primarily
selling Levis jeans to creating its own branded casual fashions.
“They were one of
the first to treat basics as fashion,” Cynthia Cohen, president of Strategic
Mindshare, told the San
Francisco Chronicle. “Gap was the first to realize
that everybody needs a good pair of khakis, everyone needs jeans and a good
quality white T-shirt.”
Kennedy, president of the Retail Industry Leaders Association, said
in a press release, “Donald Fisher was a brilliant and
generous force, blending a tremendous passion for his work and a fierce commitment
to humanity… He will be deeply missed and his countless achievements never
Fisher stepped down as CEO of the Gap Inc. in 1995 and as chairman in 2004.
He continued to serve as Chairman Emeritus up until his death.
Discussion Questions: What do you
see as Donald Fisher’s contributions to the retail industry? What are
your thoughts on the past and future of the company he founded?
- RILA President Comments on Passing of Gap Founder Donald
G. Fisher – Retail Industry Leaders Association
- Gap co-founder Donald Fisher dead at 81 – Reuters
- Donald Fisher,
Gap co-founder, dies – San Francisco Chronicle
Fisher, Co-Founder, Chairman Emeritus and Board Member of Gap Inc., Dies
at 81 – Gap Inc.