Gap Unites Int’l Businesses

Zacks.com:

Leading global specialty retailer, The Gap Inc., in a drive to boost its international operations, seeks to consolidate its foreign business under one division from London. The rationalized division will be headed by Stephen Sunnucks, who will be responsible for all company-operated and franchised stores across Europe, the Middle East, North Africa, Asia Pacific and South America.

Gap currently operates with 530 stores in 30 countries outside of North America, including 140 franchised stores. The company expects to increase its franchised store base to 400 by 2015.

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