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Gap Inc Acquires Ecommerce Startup Drapr

Gap Inc Acquires Ecommerce Startup Drapr
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David pastewkaRichard berwickBerkeley skydeckSally gilliganOld navyStrategic growth officeGap incGap inc strategic growth officePublished augChief growth transformation officerNancy greenWill drevno

Gap llega un acuerdo para vender su marca Intermix

Gap llega un acuerdo para vender su marca Intermix
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Gap to sell Intermix clothing chain to private equity firm | iNFOnews | Thompson-Okanagan s News Source

NEW YORK - Gap Inc. has signed a deal to sell the upscale clothing chain Intermix to private equity firm Altamont Capital Partners.

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US clothing retailer Gap plans to sell fashion boutique Intermix

Fibre2Fashion Toggle navigation 05 Pic: Gap Inc American worldwide clothing and accessories retailer Gap Inc has entered into an agreement to sell Intermix, a leading omni-channel fashion boutique for customers seeking a highly curated shopping experience. Private equity firm Altamont Capital Partners intends to acquire the entire Intermix business, including all store leases, e-commerce and assets. Gap Inc. acquired Intermix in 2012 and today the brand has 31 store locations in the United States and an e-commerce business. This transaction is another milestone as Gap Inc continues to execute against its Power Plan 2023, with acute focus on growing its purpose-led, billion-dollar lifestyle brands by leveraging the power of its portfolio and its platform, the company said in a statement. In April, Gap Inc completed a transaction to sell Janie and Jack, a leader in premium children’s apparel and accessories, to Go Global Retail.

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Gap Inc sells luxury chain Intermix to focus on core brands

Gap Inc. sells luxury chain Intermix to focus on core brands Gap Inc. said Tuesday that it has agreed to sell its luxury fashion boutique chain Intermix to private-equity firm Altamont Capital Partners. Altamont will get Intermix’s store leases, assets and e-commerce in the deal. Gap recently announced the sale of its kids brand Janie and Jack. And Gap signed Olympic gymnast Simone Biles, who is leaving Nike Inc. for an apparel partnership with the Athleta brand. Kanye West will also release a Yeezy collection in partnership with the Gap namesake brand. “The sale of Janie and Jack and planned transaction of Intermix demonstrate how we are prioritizing our strategic focus and resources behind the growth and potential of Old Navy, Gap, Banana Republic and Athleta,” said Sally Gilligan, Gap’s head of strategy, in a statement. Gap stock fell nearly 3% in Tuesday trading, but is up more than 70% for the year to date. The benchmark S&P 500 index has gained 10.3% for 2021 so far.Ma

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