Gap (GPS) Buys INTERMIX for $130M
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Gap Inc. (NYSE: GPS) today announced it has acquired INTERMIX Holdco Inc., a multi-brand specialty retailer of luxury and contemporary women’s apparel and accessories, based in New York.
INTERMIX operates 32 boutiques across North America, along with an e-commerce site, offering a mix of luxury brands including up-and-coming designers for customers seeking elevated fashion. Gap Inc. sees an opportunity to expand INTERMIX’s unique network of stores, as well as add significant visibility and enhancements to its online site/
The transaction was completed on December 31, 2012, with Gap Inc. purchasing INTERMIX Holdco Inc. for approximately $130 million in cash
INTERMIX operates 32 boutiques across North America, along with an e-commerce site, offering a mix of luxury brands including up-and-coming designers for customers seeking elevated fashion. Gap Inc. sees an opportunity to expand INTERMIX’s unique network of stores, as well as add significant visibility and enhancements to its online site/
The transaction was completed on December 31, 2012, with Gap Inc. purchasing INTERMIX Holdco Inc. for approximately $130 million in cash
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