Gap to Sell Stores in France, Italy to Cut Costs in Europe

Gap to Sell Stores in France, Italy to Cut Costs in Europe
A Gap Inc. retail store in La Jolla, Calif., on May 17, 2017. Mike Blake/Reuters
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Gap Inc is in talks with its partners to sell its stores in Italy and France, the U.S. apparel chain said on Wednesday, as it looks to limit its presence to online in Europe and save costs.

The retailer is also planning to shut all Gap Specialty and Gap Outlet stores in the United Kingdom and Republic of Ireland by the end of September.