LONDON — Banana Republic is able to return to the U.K. market through a newly formed three way partnership between parent Gap Inc. and the British retailer Next plc. Its sister company Athleta will debut here next in 2023 via the identical agreement.
The 2 brands follow Gap, which made its own comeback within the region earlier this yr.
As reported in March, Gap opened its first, new-generation shop-in-shop inside Next plc’s largest West End store on London’s Oxford Street, a part of the three way partnership agreement that was formed in 2021 after Gap Inc. pulled its businesses out of the U.K.
Next plc is one in every of the few historic high street retailers to have survived the rapid rise of...
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