Abercrombie, Gap may open shops in India

23 January 2012: A team from Abercrombie & Fitch, a prominent American clothing chain, is contemplating to set up shop in India.

Gap, another big brand from the US, is learnt to have stepped up enquiries about the Indian market after the government recently allowed up to 100 per cent foreign direct investment in single brand retail.

In Asia, the only places where Abercrombie’s flagship stores are located are Singapore, Japan and Hong Kong. The $3.4-billion, Ohio-based chain has a little over 1,000 stores across the US, Canada, the UK, Europe and Asia. It also operates offshoot brands like Hollister and Gilly Hicks.

Source: Business standard