Magazines Archives - 2007 October

Gap to expand to the Philippines by 2012
Story 2

GAP INC, US-based clothing and accessories retailer, has made a franchise agreement with Rustan Group of Companies, one of the Philippines’ leading wholesale and retail companies, to open eight Gap and four Banana Republic outlets across the country within the next five years.

Said Ron Young, senior vice-president of international strategic alliances for Gap Inc: “The Philippines represents a natural market for Gap Inc to expand its international presence. The country has a strong, steadily growing economy and consumers in this market have a great interest in iconic apparel brands such as ours.”

This venture with the Rustan Group will allow Gap to gain a better foothold in the country, through “strong operational expertise and a deep understanding of [Rustan’s] local customer base”. Furthermore, the Rustan Group “has a track record of successfully introducing well-known fashion and apparel brands to international markets”.

The first Gap store is expected to open its doors by year-end, followed by the first Banana Republic branch before mid-2008.


2007 October Stories:

War on shrinkage begins with education and awareness

China records fastest retail sales growth

Gap to expand to the Philippines by 2012

Bossini unveils ‘family-fit’ corporate branding

Robinsons opens a world-class store in Kuala Lumpur

Costco reveals plans to enter Australia

Malaysia’s retail sector poised to entice youths

Yamada Denki acquires Kimuraya, eyes overseas expansion

Courts Megastore bags award for best visual merchandising solution

Lotte ventures into Moscow, plans European expansion

Dairy Farm, SPRING and WDA launch initiative to attract students

Trent to operate Benetton’s Sisley stores in India

Tate & Lyle opens Shanghai factory to better serve Asian consumers

China’s dairy farmers to get state help

War on shrinkage begins with education and awareness

> Back To 2007 Archives
Site Map
Powered By