Gap Inc. expands franchise to Russia

SAN FRANCISCO Expanding its partnership with prominent franchising company Fiba Holding A.S., Gap Inc. announced an agreement that will bring its Gap and Banana Republic brands to customers in Russia. With this announcement, the company has agreements to operate franchise stores in 17 countries.

Fiba Holding A.S. currently operates franchise stores for the Gap and Banana Republic brands in Turkey, as previously announced.

Under this agreement, Fiba Holding A.S. plans to open 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.