AdsoftheWorld BrandsoftheWorld LostRemote AgencySpy PRNewser TVNewser TVSpy FishbowlNY FishbowlDC GalleyCat

Gap Founder Donald Fisher Dies at 81

fishers.jpgDonald G. Fisher, who founded Gap, Inc. in 1969 with wife Doris, died yesterday of cancer. He was 81. “Today we lost a friend, a mentor, and a great visionary,” said Gap CEO Glenn Murphy in a statement issued last night. “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.”

Legend has it that the Fishers founded the company on August 21, 1969 after a frustrating experience exchanging a pair of jeans that didn’t fit. That year, the couple raised $63,000 to launch a single jeans and music store called The Gap (named for “the generation gap”) in San Francisco. In 2008, Gap reported annual sales of approximately $14.5 billion. Fisher served as chairman and CEO of the company from 1969 through 1995 and as chairman through 2004. He held the roles of director and chairman emeritus until his death.

Mediabistro Course

Mediabistro Job Fair

Mediabistro Job FairLand your next big gig! Join us on Janaury 27  at the Altman Building in New York City for an incredible opportunity to meet with hiring managers from the top New York media compaies, network with other professionals and industry leaders, and land your next job. Register now!