Sources inform ''Globes'' that GAP Inc. (NYSE: GPS) signed a deal with Elbit Imaging Ltd. (Nasdaq: EMITF; TASE: EMIT) unit Elbit Trade and Retail Ltd. to open a store in Eilat's Mul Hayam Mall. This will be GAP's fourth store in Israel.
The 650-square meter store will open in June. The store will include four GAP divisions: GAP Men, GAP Women, GAP Kids, and Baby GAP.
GAP opened its first store in Israel in Jerusalem's Malha Mall, owned by Azrieli Group. The second store, which will be the flagship store, will open on February 21 in the Azrieli Mall in Tel Aviv, and the third store will open Elbit Imaging's Arena Mall at the Herzliya Marina in March.
Published by Globes [online], Israel business news - www.globes-online.com - on February 11, 2010
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