Gap Expanding to Israel

San Francisco Gap Inc. Tuesday announced a franchise agreement with Elbit Trade & Retail Ltd. to open Gap and Banana Republic stores in Israel.

Under the agreement with Elbit, the first Gap store in Israel will open this fall. Banana Republic is expected to open in spring 2010. 

Together with its franchise partners, Gap Inc. has opened 89 Gap and 32 Banana Republic franchise stores in 14 countries around the world.