Dive Brief:
- Further trimming its portfolio not long after selling off its newly acquired Janie and Jack children’s label, Gap Inc. on Tuesday said it has a deal to sell its Intermix retailer to private equity firm Altamont Capital Partners.
- Altamont will “acquire the entire Intermix business, including all store leases, e-commerce and assets,” according to a company press release. Terms of the deal, including purchase price, were not disclosed.
- Intermix first opened as a boutique in New York City in 1993, according to Gap’s website. Gap Inc. acquired it in 2012 and now runs 31 locations and an online business.
Source: Retaildive
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