Reuters Gap plans to close locations in France and Italy in order to decrease expenses across Europe. (Source: Reuters) Gap Inc is in talks with its partners to sell its stores in Italy and France, the American apparel retailer announced on Wednesday, as it tries to save costs by limiting its presence in Europe to online. By the end of September, the business plans to close all Gap Specialty and Gap Outlet stores in the United Kingdom and Republic of Ireland. The owner of the Old Navy brand said it was in talks with FIB Group’s retail arm, Hermione People and Brands, to take over its stores in France, while an undisclosed partner is in talks to buy its stores in Italy./n
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