Gap Inc. has announced plans to open its first Gap store in Egypt this month. The clothing brand also plans its first Gap and Banana Republic stores in Morocco this October. These new Gap stores will mark the company's first entry into Africa. They will house Gap, GapKids and babyGap collections.
Stephen Sunnucks, president of International, Gap Inc., said, "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. The rapidly growing consumer base in North Africa provides an ideal environment to introduce both Gap and Banana Republic to the continent.”
The Egypt store is part of a franchise agreement with The Fawaz Al Hokair Group. The store will be located in the Mall of Arabia in Cairo, which bills itself as the biggest small in Egypt. Two additional Gap stores will open at Cairo's City Stars Mall and Sun City Mall this October.
