(Filed Under Financial and General Interest News). Following the November 2009 announcement of plans to expand internationally, Gap brand stores will open in Australia for the first time. Gap Inc. has signed a franchisee agreement with Brand Republic Pty Ltd, a subsidiary of Busby Australia Pty Ltd, for exclusive rights to operate Gap stores throughout the continent. The first store under this agreement is slated to open in Melbourne’s Chadstone Mall in fall of this year.

Stefan Laban, vice president of strategic alliances for Gap Inc., said: “[Australia] has a strong retail sector and an underserved market of consumers who appreciate the casual, American style that Gap represents. We’re confident that we have the right partner to help us bring Gap to consumers in Australia, given their success bringing other international brands to the Australian marketplace.”

With this agreement, Gap Inc. has signed franchisee agreements in 24 countries on four continents. The company has more than 130 franchise stores open in 20 countries throughout Asia, Europe, Latin America and the Middle East.

For further information, contact the company’s San Francisco headquarters by calling (650) 952-4400.

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Published 04-02-2010 by -