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Company continues global expansion with franchise stores in Egypt and Morocco
As part of its global expansion strategy, Gap Inc. (San Francisco) plans to its first Gap store in Egypt in July and its first Gap and Banana Republic stores in Morocco in October. These store openings will mark the company’s first entry into Africa and will house Gap, GapKids and babyGap collections and Banana Republic’s accessible luxury clothes and accessories for men and women.
“We are thrilled to be taking another important step in our franchise business and global expansion strategy by bringing our store experience to consumers in Africa for the first time,” says Stephen Sunnucks, president of international, Gap Inc. “The rapidly growing consumer base in North Africa provides an ideal environment to introduce both Gap and Banana Republic to the continent.”
Franchisee The Fawaz Al Hokair Group will open Gap’s first Egyptian store in the Mall of Arabia in the capital city of Cairo, with two locations planned for Cairo’s City Stars Mall and Sun City Mall this fall. The group also manages the company’s franchise locations for Gap brand in Jordan, Kazakhstan and Saudi Arabia.
Aksal Group will lead the opening of Gap and Banana Republic stores in Casablanca, Morocco, located in the city’s new Morocco Mall.
Gap’s franchise store base has grown to more than 180 locations and 25 countries over the last five years, including Asia, Europe, Latin America, the Middle East and Australia.
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