Reliance Retail in talks with Gap for franchise
Reliance Retail in talks with Gap for franchise
Reliance Retail is in talks with US-based Gap, the world`s largest speciality retail chain, for a franchisee arrangement for Reliance Retail`s apparel business, reports Business Standard.
Four of the most recognised apparel brands in the world Gap, Banana Republic, Old Navy and Piperlime are owned by Gap.
Gap and Banana Republic are mid-premium brands, Old Navy caters to the economy market. Paperlime is a footwear brand which was launched in 2005.
It is said that that in the first phase, the arrangement with Reliance will only be for Gap and Banana Republic.
