- Gap Inc GPS has acquired e-commerce startup Drapr for an undisclosed sum.
- Drapr enables customers to quickly create 3D avatars and virtually try on clothing. Drapr helps shoppers find the size and fit they need.
- Drapr was founded by David Pastewka, Will Drevno, and Richard Berwick.
- The company held $2.5 billion in cash and equivalents as of May 1, 2021.
- Price Action: GPS shares are trading lower by 4.86% at $26.15 on the last check Thursday.
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