“It
said it will open its first Vietnam Gap stores in October, with the
first Banana Republic outlet to open in 2012. The first Gap store will
open in Guam in 2012″.“These openings will mark yet another
important step for the company as we accelerate our growth into
international markets,” said Gap Inc managing director of strategic
alliances Stefan Laban. “Vietnam’s rapidly growing economy and Guam’s
well developed tourism industry both provide ample opportunity to
introduce the Gap and Banana Republic brands to local consumers.” ..In
Vietnam, Gap Inc has signed a franchise agreement with Imex Pan
Pacific, one of the largest conglomerates in Vietham. It will open its
first two Gap stores in Ho Chi Minh City, with additional locations in
Hanoi in 2012. It will open its first Banana Republic store in late
2012 ..In Guam, the retailer said it will open its first two stores
in January 2012 stores as part of an existing franchise agreement with
Casual Clothing Specialist. Casual Clothing Specialist also manages Gap
Inc’s franchise outlets in the Philippines .” ”
Date:8/25/2011
Source:www.inteletex.com