Reliance Retail is likely to be the new 'India Gap Franchisee'

13th October 2021, Mumbai:

Reliance Retail is likely to be the new 'India Gap Franchisee' of the cult US fashion brand Gap Inc.

It is to mention here that Reliance has been in advanced talks with Gap lately and as per sources shall emerge as the worthy front-runner to stitch this coveted deal reportedly ahead of 'Myntra' which apparently was also interested in this American fashion apparel brand.

Apparently Reliance Retail will be able to extract a huge concession of manufacturing 100% of all Gap products to be sold in India compared to its arrangement of 70% it had with preceding franchisee partner 'Arvind Fashions'.

Industry sources indicate that Gap was seriously scouting for an India partner ever since it snapped its ties with Arvind Fashions. Arvind Fashions tried hard to justify Gap’s enterprise interest in India, even tried closing and downsizing retailer sizes before the eventuality struck.

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