-
Gap to make Africa debut
San Francisco -- Gap announced Wednesday that it will open its first Gap store in Egypt this July, and its first Gap and Banana Republic stores in Morocco in October.
The move is part of the retailer’s global expansion strategy that calls for doubling its franchise stores to 400 by fiscal year 2014.
Gap started shipping to Egypt, Morocco and South Africa in 2010, but these stores are the first on the continent.
-
Kraft Foods names supply chain leadership
NORTHFIELD, Ill. — Kraft Foods announced that Daniel Myers will join the company in September as EVP supply chain. Myers will lead the functional groups that make up the company's integrated supply chain, including procurement, manufacturing, engineering and customer service and logistics. He succeeds David Brearton, who is now EVP and CFO. Myers will report to chairman and CEO Irene Rosenfeld and be a member of the company's executive team.