US clothing retailer Gap plans to sell Intermix fashion store

Global US clothing and accessories retailer Gap Inc has entered into a deal to sell Intermix, a leading omnichannel fashion boutique for customers seeking a highly organized shopping experience. Private equity firm Altamont Capital Partners intends to acquire all of Intermix’s business, including all store leases, e-commerce and assets.

Gap Inc. acquired Intermix in 2012 and today the brand has 31 stores in the United States and an e-commerce company.

This transaction is another important milestone as Gap Inc continues to execute its 2023 Power Plan, with a focus on growing its billion dollar lifestyle brands by leveraging the power of its portfolio. and its platform, the company said in a statement. In April, Gap Inc closed a transaction to sell Janie and Jack, a leader in premium children’s clothing and accessories, to Go Global Retail.

“We are committed to generating long-term profitable growth for our shareholders and employees, while delivering unique products and experiences to our customers on a large scale. The sale of Janie and Jack and the planned Intermix transaction demonstrate how we prioritize our strategic direction and resources behind the growth and potential of Old Navy, Gap, Banana Republic and Athleta, ”said the manager. from Gap Strategy, Sally Gilligan.

BofA Securities, Inc. acted as Gap’s exclusive financial advisor on the transaction. Terms of the deal were not disclosed.

Fibre2Fashion Information Office (RKS)

Global US clothing and accessories retailer Gap Inc has entered into a deal to sell Intermix, a leading omnichannel fashion boutique for customers seeking a highly organized shopping experience. Private equity firm Altamont Capital Partners intends to acquire all of Intermix’s business, including all store leases, e-commerce and assets.


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Anne G. Cash

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