Banana Republic is an upscale clothing and accessories retailer owned by the American multinational corporation Gap Inc.
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12 Facts About Banana Republic
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In 1983, Gap purchased the company, changed the name to "Banana Republic, " and rebranded the stores to achieve a more upscale image.
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In 2015 Banana Republic opened a new flagship in Manhattan on Fifth Avenue and 18th Street.
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Banana Republic opened its first store outside North America in 2005 in Tokyo's Ginza shopping district.
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In 2007, the first Banana Republic stores opened at The Avenues shopping mall in Kuwait City, Kuwait; Senayan City in Jakarta, Indonesia; and Pavilion Kuala Lumpur in Kuala Lumpur, Malaysia.
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Banana Republic opened in Saudi Arabia in late 2008, with a store in Mall of Arabia in Jeddah and a second in Riyadh Gallery Mall in Riyadh in March 2009.
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In March 2008, Banana Republic opened its 17,000-square-foot store on Regent Street in London, England.
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On May 9,2008, Banana Republic opened its store on Greenbelt 5 in Makati, Philippines.
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In October 2016, Banana Republic announced that it would close all its UK stores by the end of the year, due to falling sales.
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Banana Republic has not stated the exact locations that will be closed, but most will be stores within malls.
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Banana Republic closed all eight of its UK and Ireland stores in 2016, and shut down all of the brand's European websites in May 2022.
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