GAP to open its stores in India early next year

Leading American garment retailer GAP Inc is set to open its stores in India early next year. The company is close to signing a franchisee deal which is expected to be announced in the coming weeks. GAP has almost sealed the deal with Ahmedabad-based textile conglomerate Arvind Ltd to open its branded stores in India. Initially it will be a franchisee model with GAP having the call option to buy stake in the company in future. Arvind Ltd has been scouting for about 10,000 outlets in various malls across the country for GAP brand and such new JV move will give signage companies new boost towards tapping fresh business opportunities in the sector.