Gap will open its first store in Israel in a few days, in Jerusalem's Mamilla Mall, owned by Alrov (Israel) Ltd.
Sources inform ''Globes'' that GAP Inc. (NYSE: GPS) will open a store in the Azrieli Mall in Tel Aviv in February 2010. The 600-square meter store will sell clothing for women, men, children, and infants.
The store will occupy part of the space currently occupied by fashion chain Mango, a unit of Azrieli Group competitor Elbit Imaging Ltd. (Nasdaq: EMITF; TASE: EMIT), and two other fashion chains - Lucci and MAC - which will move to other premises at the mall.
The sources added that Azrieli Group yesterday signed a strategic agreement with Elbit Imaging subsidiary Elbit Trade and Retail Ltd. to open the Gap store at the Azrieli Mall.
Gap will open its first store in Israel in a few days, in Jerusalem's Mamilla Mall, owned by Alrov (Israel) Ltd. (TASE: ALRO) and is scheduled to open a second store in Herzliya.
Published by Globes [online], Israel business news - www.globes-online.com - on August 19, 2009
© Copyright of Globes Publisher Itonut (1983) Ltd. 2009