US retail chain Gap shuttering stores in Israel

American retail apparel franchise The Gap is expected to shut down operations in Israel in the coming year after seven years in the country, Israeli media reported Thursday.

According to Channel 2, the Israeli company Gottex – the majority shareholder of Gap along with Spanish brands Zara and Pull % Bear in Israel – announced that it will make efforts to absorb employees of the shuttering store chain.

Source: http://www.jpost.com/Israel-News/US-retail-chain-Gap-shuttering-stores-in-Israel-476860

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