MIPIM 2011: Banana Republic makes Russian debut

International retailer Banana Republic is to open its first store in Russia, at AFI Development’s new AFIMALL CITY in the centre of Moscow.

AFI signed the agreement with the iconic US brand to open a 600 m2 flagship store in the mall.

Banana Republic is owned by Gap Inc, a leading international specialty retailer with five brands – Gap, Banana Republic, Old Navy, Piperlime and Athleta. The brands together operate 3,100 stores and employ 134,000 staff, offering clothing, accessories and personal care products for men, women, children and babies.