Gap, Banana Republic to exit by end of Feb

Clothing brands Banana Republic and Gap are about to quit Singapore, FJ Benjamin has announced.

Both outlets have announced their impending departure on their respective Facebook pages.

FJ Benjamin, which brought both American brands to Singapore, says it will be closing the final two Banana Republic and three Gap stores in Singapore by the end of this month. The company has decided not to renew the franchise, which expires on February 28.

When the fashion retailer announced the brands’ arrival in Singapore in 2006, it said it planned to open 30 stores – including outlets in Malaysia – by 2010.

Gap’s stores are at Suntec City, United Square and VivoCity, while the Banana Republic stores are at Paragon and the Shoppes mall at Marina Bay Sands.