Clothing retailer Gap Inc continues global expansion
18 Apr '06
3 min read
Gap Inc will leverage Al Tayer Group's expertise in building retail outlets in the Middle East and will provide access to Gap and Banana Republic's world-renowned clothing and accessories. Al Tayer will purchase merchandise from Gap Inc or suppliers designated by Gap Inc and must adhere to Gap Inc's quality standards to preserve the reputation of the Gap and Banana Republic brands.
Khalid Al Tayer, Group GM of Business Development at Al Tayer Group said, "We are looking forward to bringing Gap and Banana Republic brands to the Middle East markets. Being the largest luxury retailer in the region, we are pleased to be entering a new segment of the market with these globally successful brands. Providing a shopping experience synonymous with that of the brand's home country, we're confident about customers enjoying a truly international shopping experience."
Gap Inc currently owns and operates Gap brand stores in five countries and Banana Republic stores in three countries. With today's announcement and its previously announced franchise and distribution agreements for Singapore and Malaysia, the company is expanding the global reach of its brands with Gap stores in 12 countries and Banana Republic stores in 9 countries by 2010.
marketing@alchempro.com
