The Banana Republic is one of the most famous accessories and clothing retailers in the United States. It’s owned and governed by Gap, which is a multinational organization. The Banana Republic was founded back in 1978 by Patricia Ziegler and Mel. First, the name of the company was Banana Republic Travel and Safari Clothing. But later on, it changed to the Banana Republic. It’s one of the most luxurious brands in the whole United States that primarily targets millennials.