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One of the year’s most interesting beauty appointments was announced in September, when Gap Inc. brought on John Demsey, the controversial veteran executive, to help oversee the group’s ambitious plans. The company has spent the better part of the last two decades trying to recapture the magic of the Mickey Drexler era—and, from a purely talent perspective, Demsey might have seemed like the ideal candidate. The gig was also basically a formality: After all, Demsey has been working behind the scenes on Gap and Old Navy’s respective beauty businesses for the last year and a half.