US clothing chain Gap to open shops in Israel in the fallUS chain, Gap Inc. plans to start opening Gap and Banana Republic stores in Israel this fall, after signing an agreement with Elbit Trade & Retail. Under the franchise agreement with Elbit, the first Gap store in Israel will open this fall, featuring clothing for adults, kids and babies. Banana Republic, which will offer apparel for men and women, is expected to open in spring 2010.
“We selected Elbit Trade & Retail for their extensive experience in real estate development and their strong track record of operating franchise stores for other retailers,” said Ron Young, senior vice president of international strategic alliances for Gap. The chain has stores throughout the Middle East.