September 8 (SeeNews) - U.S. clothing and accessories retailer Gap Inc. said it will open its first store in Serbia on Friday.
The store is located in the capital city of Belgrade on Knez Mihailova street. “The city’s central location, at the crossroads of Southeast Europe, and modern urban plans provide a perfect platform to introduce Gap to the market,” Stefan Laban, managing director of strategic alliances for Gap Inc., said in a company statement issued on Thursday.
The launch will represent the company’s 200th franchise store globally.
Serbia is the sixth country to be managed under Gap Inc.’s franchise agreement with The Marinopoulos Group, one of Greece’s leading retail, commercial and industrial firms. The group also manages the company’s franchise locations for the Gap brand in Greece, Bulgaria, Croatia, Cyprus and Romania.
Gap Inc. (www.gapinc.com) is a leading global specialty retailer offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Banana Republic, Old Navy, Piperlime, and Athleta brands.