Gap signs franchise deal with Armin Systems to bring stores to Thailand

Active Links: 1334
Pending Links: 81
Todays Links: 0
Pending Articles: 28
Total Articles: 767
Total Categories: 40
Sub Categories: 0

Date AddedJuly 09, 2009 01:49:44 PM

Author

Associated Press
SAN FRANCISCO - Gap Inc. said Wednesday it has signed a franchise agreement with Armin Systems Ltd. to bring Gap stores to Thailand.
Gap did not disclose the financial details, but said the first store is expected to open in Bangkok during the spring of 2010.
"Armin Systems Limited is an experienced retailer in Thailand with a deep understanding of the marketplace and we're excited to join with them to offer the Gap brand to our customers in Thailand," said Ron Young, Gap's senior vice president of international strategic alliances, in a statement.
Gap and its franchisees have opened 100 Gap and 34 Banana Republic stores in 17 countries.
Gap shares slipped 8 cents to $14.97.