Monday, January 24

Old Navy celebrates the opening of its second store in Panama through a franchise partnership


Old Navy, AR Holdings franchise store, opened its second Old Navy store in Panama this Saturday, December 4, in the shopping center Multiplaza Pacific.

This opening is part of the larger growth plan of AR Holdings to open a series of new stores in Latin america and the caribbean as part of a franchise partnership with the parent company, Gap Inc.

Like the third country to which Old Navy is entering Latin America through its association with AR Holdings, Panama is a key component of the growth strategy in the region.

AR Holdings in the last two months has opened stores Gap y Banana Republic in Multiplaza Pacific, which are part of the Gap Inc. brand portfolio.

We have extensive experience developing and operating franchises of prestigious international brands and our vision is to generate the greatest value with our business partners. Old Navy offers an absolutely unmatched experience in the retail sector, providing high-quality, fashionable products for the whole family at an affordable price in a great store experience. We believe that the Old Navy brand will be one of the favorite alternatives for Panamanian families and we promise to continue delivering added value for our partners and clients in the country and the region as a whole.”, He commented Antonio Burgos, CEO of AR Holdings.

We are excited to grow Old Navy’s business in Panama Through our model based on partnering with regional experts such as AR Holdings that allow us to expand and offer our relevant brands and purposefully target new and existing clients around the world. We believe that Old Navy’s affordable and fashionable products sold in a unique, fun and family-friendly shopping environment will truly resonate with customers in this market. ” Indian Paula Haza, Regional Director for Latin America.

The Old Navy store in mall Multiplaza Pacific will launch with a wide variety of clothing and accessories for men, women, boys, girls and babies.

Customers will be able to buy the products Old Navy The brand is known and loved for, such as logo apparel, sportswear, family matching outfits, and holiday apparel like iconic jingle jams and holiday socks.

The activities of this grand opening will begin on Saturday, December 4 at 10:00 a.m. and will continue until the store closes at 8:00 p.m., considering all biosafety protocols to celebrate the opening with customers and families, including attractive promotions and discounts throughout the store.

The Old Navy store, located in Multiplaza on the second floor adjacent to the RibaSmith entrance, will be open Monday through Saturday from 10:00 am to 8:00 pm and Sundays from 11:00 am to 7:00 pm



elcapitalfinanciero.com