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Altamont Capital Partners has agreed to carve out Gap’s luxury fashion boutique business Intermix as it eyes a resurgence in social events as Covid-19 eases.
Intermix opened its first boutique on New York’s lower Fifth Avenue in 1993, and was bought by retail clothing giant Gap in 2012. It currently has 31 boutiques and an online store.
Altamont described Intermix as an enviable platform with strong brand identity, an innovative business model, and highly attractive customer base. The brand includes offerings from designers including Isabel Marant, Ulla Johnson, Christopher Esber and Alanuii.
Altamont is optimistic that the retail market will pick up after the pandemic for Intermix to attain a long-term growth. The US consumer confidence index climbed to 121.7 in April, the highest level since February 2020.
Intermix on Tuesday said that Altamont Capital Partners, a private equity firm with more than $2.5B in capital and over 20 investments, has entered an agreement to purchase the business from Gap Inc.
These Are The Only Swimwear Trends That Matter This Season
The biggest swimwear trends of the year leave room to creatively explore the heights of your poolside wardrobe.
It’s that time of year again. As the rising temperatures of the incoming season collide with the cabin fever many of us have experienced over the past year, you’re probably eagerly hunting down a new summer wardrobe and swimsuits feel like an apt place to start.
The biggest swimwear trends of the year leave room to creatively explore the heights of your poolside wardrobe and this time, the market seems to have pulled a little inspiration from ready-to-wear. After all, for the fashion-forward, getting dressed for the pool or other waterside activities is starting to feel increasingly like
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Gucci is 100 years old. It s a lot of fashion history to wrap your head around, especially if you re the creative director of the storied Italian brand, but Alessandro Michele did not sleep on it, releasing a collection in honor of that milestone today that elicited a resounding smile (and some shoulder shrugs to the beat of Gucci Gang ) this morning. Celebrating a century means being able to open the locks of history and linger over the edge of the beginning. It means soaking in that natal source to relive the dawn and the coming into view, Michele said in a statement.
Spring 2021 Is All About Body-Con Dressing elle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elle.com Daily Mail and Mail on Sunday newspapers.