Castro Model, a fashion chain, is in negotiations to acquire the Israeli franchises of G-Star, Mango and Gap, which are owned by Mordechai Zisser's Elbit Imaging, according to reports. Gabi Rotter, co-CEO of Castro, has met with representatives from Elbit, and one source said the discussions are in the advanced stages. However, both Castro and Elbit have denied that they are negotiating a sale.

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