Fashion chain Next is to operate the Gap brand in Ireland and the UK

Gap confirmed plans to shut its 81 stores in the UK and Ireland for good

The move will see the Gap and Next form a joint venture.

Fashion chain Next has agreed a new deal to manage Gap's UK and Ireland business as a franchise partner.

The move will see the two retailers form a joint venture - with 51% owned by Next and 49% by Gap Inc - which will see Next operate the US fashion brand's digital operations, concessions and click and collect service across the region.