Article: Gap Inc. Expands International Presence with Franchise Agreement in the Philippines.

Franchisee Plans to Open a Dozen Gap and Banana Republic Stores in the Philippines by 2012

SAN FRANCISCO -- Gap Inc. (NYSE: GPS) today announced a franchise agreement to introduce the Gap and Banana Republic brands to the Philippines. Over the next five years, Gap Inc.'s franchise partner - Rustan Group of Companies - plans to open a combined total of approximately eight Gap stores and four Banana Republic stores throughout the Philippines.

The first Gap store is expected to open by the end of this year, and the first Banana Republic stores by spring 2008. All stores are scheduled to be open by 2012.

"The Philippines represents a natural market for Gap Inc. to ...

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