The company is in talks with Fox and other retailers.
Sources inform ''Globes'' that American Eagle Outfitters (NYSE: AEO) has decided to enter the Israeli market and that it is talks with local fashion retailers for a franchisee. Talks are underway with Fox-Weizel Ltd. (TASE: FOX) , Elbit Trade and Retail Ltd., and New Hamashbir Lazarchan Ltd. (TASE:MSZB), and Gottex Models Ltd.
Fox, which is seeking to expand its business, has been trying to bring global fashion brands to Israel. Elbit Retail, a unit of Mordechai Zisser-controlled Elbit Imaging Ltd. (Nasdaq: EMITF; TASE: EMIT), has the Israeli franchises for Mango and GAP. Hamashbir has the Israeli franchise for Spanish designer Springfield. Gottex Models has the Israeli franchisee of Zara, Bershka and other Spanish fashion brands.
American Eagle fashions target young and trendsetting men and women aged 15-28.
Published by Globes [online], Israel business news - www.globes-online.com - on June 22, 2010
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