Is franchising a new lifeline for Gap?

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4 November 2020 à 16h26

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1 minute

Publication: 4 November 2020 à 16h26

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Publication

4 November 2020 à 16h26

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Publication: 4 November 2020 à 16h26

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The American clothing chain plans to close 120 stores in Europe and 350 in the United States (with a total of 3,345 worldwide in February 2020). The European business is operating 70 stores in France, Italy, Ireland and Britain, representing a turnover of US$525 million (data as of February 2020). According to the Financial Times, the group is reliant on a franchise formula, which is less capital-intensive, to continue developing brands. Franchising currently represents 400 stores operating in 35 countries.

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