Home / Knowledge / News / Apparel/Garments / Gap to introduce brand in Paraguay & Hungary
Gap to introduce brand in Paraguay & Hungary
05
Jun '13
Continuing to deliver on its global growth plans, Gap Inc. announced that it will introduce Gap brand to Paraguay and Hungary through new agreements with existing franchise partners Neutral for Paraguay and Gottex Brands for Hungary. 

Additionally, the company announced plans to open the first stand-alone Banana Republic stores in Mexico later this year.

By the end of 2013, Gap Inc. expects to have a presence in eight Latin American countries, including Chile, Panama, Colombia, Mexico, Uruguay, Paraguay, Peru and Brazil with expectations to add a brand presence in Costa Rica in the near future.

Paraguay

Gap Inc. has signed a new agreement with Neutral to open the first Gap store in Paraguay later this year.  Neutral launched Gap in Uruguay in November 2012. “We look forward to bringing Gap’s distinctly American style to consumers in Paraguay where we have high brand awareness,” said Stefan Laban, SVP, Gap Specialty International. “Paraguay marks yet another important step for the company as we continue our growth into Latin American markets.”

Hungary

Gap Inc. will open its first two Gap stores in Budapest, Hungary through an existing relationship with Gottex Brands which is a part of the Trimera Group. Budapest offers an exciting platform for Gap Inc. to bring Gap’s casual American style and store experience to customers as it is one of the great international cities with a unique and youthful atmosphere as well as a high rate of tourism.

Mexico

Banana Republic will open the first free-standing store in Mexico in late 2013 through an existing agreement with retail partner Distribuidora Liverpool, S.A. DE C.V. Previously, Gap Inc. offered Banana Republic-branded merchandise in a franchise “store-within-a-store” concept at the Liverpool Department stores. This will be the first stand-alone Banana Republic store in Mexico and will provide a full product assortment and branded store experience to the local consumers.

Gap Inc. has significantly expanded the international reach of its brands since launching its first franchise operated store in 2006. Over the last six years, Gap Inc. has substantially grown its store base and currently has over 300 franchise stores across the world. Gap Inc. franchise stores can be found in 40 markets throughout Asia, Europe, Latin America, the Middle East and Australia.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. Fiscal year 2012 net sales were $15.7 billion.

Gap Inc

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search