Old Navy’s Franchise Expansion Continues in Latin America
The expansion of the Old Navy business in Latin America continues as the brand announced Grupo Axo as Gap Inc’s exclusive franchisee for Old Navy in Mexico, just weeks after the brand’s debut of its first Caribbean store in the Dominican Republic through a franchise partnership with AR Retail S.A. The Dominican Republic serves as an important market for the brand and is another leg of Old Navy’s Central American expansion. The Dominican Republic store opening marks the third Old Navy franchise market launch in Latin America this year, following the brand’s most recent openings in Chile and El Salvador.