"Gap Inks Franchise Agreements In Saudi Arabia And Turkey
Dow Jones
June 13, 2007: 12:23 PM EST
Gap Inc. (GPS) entered into separate franchise agreements with retailers in Saudi Arabia and Turkey to launch Gap and Banana Republic stores in those countries.
The San Francisco retailer said over the next five years its partners, Fawaz Alhokair Group in Saudi Arabia and Fiba Holding A.S. in Turkey, plan to open a total of 90 Gap stores and 20 Banana Republic stores.
The first Gap stores will open in each country by the end of 2007, and the first Banana Republic stores are expected to open in each country by spring of 2008.
All stores are expected to be open by 2012."
Gap Inks Franchise Agreements In Saudi Arabia And Turkey
