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Article: Gap Inc. Expands Franchise Partnership to Bring Gap and Banana Republic to Russia.
- Article from:
- Business Wire
- Article date:
- May 20, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO -- Expanding its partnership with prominent franchising company Fiba Holding A.S., Gap Inc. (NYSE:GPS) today announced an agreement that will bring its Gap and Banana Republic brands to customers in Russia. With this announcement, the company has agreements to operate franchise stores in 17 countries.
"With 80 franchise stores around the world, we've learned a great deal about how well our Gap and Banana Republic brands resonate with customers in many diverse countries," said Ron Young, senior vice president of international strategic alliances for Gap Inc. "We're very selective in choosing our franchising partners. It made perfect sense to expand ...