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2013/01/03

Gap Makes A BIG Move

January 3, 2013
That's a whole lotta cash.

Gap has acquired Intermix for $130 million in cash, Women's Wear Daily reports. Intermix, a multi-store luxury boutique, has been looking to expand its reach and Gap looks to up its own fashion cred. And thus a retail match made in heaven.

"We are the incubator with emerging brands, and we can help them out with collaborations," Intermix founder and CEO Khajak Keledjian said. Wait, does this mean there are Gap collabs with Proenza Schoulder, Rag & Bone or Givenchy on the horizon? Continue reading...
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