Gap Ousts Designer Rebekka Bay

Gap announced Rebekka Bay, the designer recruited in 2012 to help reboot the iconic brand, is out of the company. "In evaluating the right leadership structure for the brand," Gap is "eliminating the Creative Director role, resulting in Rebekka Bay's departure from the company, effective immediately," the company wrote in a press release. Bay's departure is the latest in a slew of changes spurred by incoming CEO Art Peck. In November, Peck named new presidents for the $16 billion company's Gap and Banana Republic brands, and last week shuttered its digital Piperlime business.