Home / Knowledge / News / Apparel/Garments / Apparel retailer Gap to acquire womenswear firm Intermix
Apparel retailer Gap to acquire womenswear firm Intermix
Jan '13
Leading global apparel retailer Gap Inc will acquire women’s fashion retailer Intermix Inc. for US$ 130 million as a part of its plan to enter the luxury clothing market, the Wall Street Journal reported.
At present, Intermix owns around 30 outlets in the US and Canada, and after the acquisition, Gap plans to double Intermix’s retail store count and also explore opportunities to expand overseas, Journal quoted Art Peck, president in charge of new brands at Gap, as saying.
The casual wear retailer hopes to benefit from Intermix’s relationship with fashion designers such as Yves Saint Laurent, Rag & Bone and Herve Leger.
Intermix can help Gap in forging collaborations, Khajak Keledjian, founder and CEO of Intermix, told Wall Street Journal.
The acquisition of Intermix by Gap has come at a time when the company is closing about one-fifth of its North American stores.
The Intermix deal would be the first since Gap acquired women’s active wear retailer Athleta for US$ 150 million in 2008.
Gap Inc. owns brands such as Old Navy, Gap and Banana Republic and competes with other global retail brands like H&M and Zara.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search