Gap and Banana Republic to launch in Russia - sportstextiles: Lea SportsTextiles

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Gap and Banana Republic to launch in Russia

22/05/2008
American clothing company Gap, Inc. has extended its partnership with franchising company Fiba Holding A.S., through which its Gap and Banana Republic brands will be available to customers in Russia. It now has agreements to operate franchise stores in 17 countries. Fiba plans to open several Gap and Banana Republic stores over the next five years. The first Gap stores are expected to open for the 2008 holiday season and the first Banana Republic stores are expected to open for the 2009 holiday season.

Fiba currently operates franchise stores for the two brands in Turkey and has a proven track record in franchise operations in Russia. It is the ninth largest bank in the country.


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