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Gap to sell Intermix clothing chain to private equity firm

Gap to sell Intermix clothing chain to private equity firm. ANNE D INNOCENZIO, AP Business Writer May 4, 2021 FacebookTwitterEmail NEW YORK (AP) Gap Inc. has signed a deal to sell the upscale clothing chain Intermix to private equity firm Altamont Capital Partners. Gap said Tuesday that Altamont Capital intends to acquire the entire Intermix business, including all store leases, e-commerce and assets. Intermix operates 31 stores. It didn t disclose the purchase price. The move comes as San Francisco-based Gap is trying to slim down its portfolio of brands to better focus on its namesake business as well as Old Navy, Banana Republic and Athleta. Last month, Gap completed a deal to sell Janie and Jack, a children s clothing chain to Go Global Retail, which invests in fashion and consumer brands. Gap had purchased the chain in 2019.

Gap Inc Celebrates Earth Day 2021

April 21, 2021 SAN FRANCISCO April 21, 2021 Gap Inc. is celebrating Earth Day! Its purpose-led lifestyle brands: Old Navy, Gap, Banana Republic, and Athleta, are working hard on progress towards their bold sustainability commitments. Last week, Old Navy announced its goal to eliminate plastic shopping bags by 2023 in the U.S., Canada, and Mexico and to have all North America stores participating in its hanger recycling program by the end of 2021. “Reducing waste is an important part of our commitment to protecting natural resources and ensuring healthy communities for generations to come,” said Sally Gilligan, Head of Strategy at Gap Inc. “We’re proud to continue advancing progress towards our sustainability goals through leading innovation and industry partnerships.”

Male dominated culture won t fix climate, racism and economic crises, UN Secretary-General warns CEOs, Government and Civil Society Leaders

Male dominated culture won t fix climate, racism and economic crises, UN Secretary-General warns CEOs, Government and Civil Society Leaders
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Male dominated culture won t fix climate, racism and economic crises, UN Secretary-General warns CEOs, Government and Civil Society Leaders

Home / Top News / Male dominated culture won’t fix climate, racism and economic crises, UN Secretary-General warns CEOs, Government and Civil Society Leaders Male dominated culture won’t fix climate, racism and economic crises, UN Secretary-General warns CEOs, Government and Civil Society Leaders UN Global Compact’s Target Gender Equality programme to expand from 19 to 45 countries New York, NY, March 17, 2021 (GLOBE NEWSWIRE) UNITED NATIONS, New York, 17 March 2021 The world needs the talent of women and men equally to solve global challenges such as racism, climate change and economic recovery from COVID, the UN Secretary-General told TARGET GENDER EQUALITY LIVE, a virtual gathering of business, civil society and government leaders, on Tuesday.

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