US garment retailer Gap set to enter India early next year

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, people familiar with the development told ET.

Gap has almost sealed the deal with Ahmedabad-based textile conglomerate Arvind Ltd to open its branded stores in India, a person privy to the talks between the two companies said. “It is more or less a done deal and will be announced in a week or ten days,” said the person, who did not wish to be identified.

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