×
14 185
Fashion Jobs
NORDSTROM
Asset Prevention Security Ambassador Downtown Seattle
Permanent · Seattle
NORDSTROM INC
Business Intelligence Analyst - Merchandise Operations
Permanent · Seattle
NORDSTROM INC
District Loss Prevention Manager, ny
Permanent · New York
ROSS STORES
Store Protection Specialist
Permanent · La Habra
L BRANDS
Asset Protection Officer, Morse rd (2nd Shift 3pm - 11pm)
Permanent · Columbus
BATH & BODY WORKS
sr. Manager, Carrier Strategy
Permanent · Columbus
VICTORIA'S SECRET
Brand Operations Manager-Crystal Mall
Permanent · Waterford
L BRANDS
Asset Protection Officer, Morse Crossing - 3rd Shift (11pm-7am)
Permanent · Columbus
VICTORIA'S SECRET
Brand Operations Manager-Coconut Point
Permanent · Estero
BATH & BODY WORKS
District Manager - Bath & Body Works - North Austin - Austin, tx
Permanent · Waco
VICTORIA'S SECRET
Brand Operations Manager-Valley West
Permanent · West Des Moines
L BRANDS
Asset Protection Officer, Broad st -1st Shift 7am-3pm
Permanent · Reynoldsburg
L BRANDS
Asset Protection Officer, New York City
Permanent · New York
BATH & BODY WORKS
Senior HR Generalist - Home Office
Permanent · Reynoldsburg
VICTORIA'S SECRET
Brand Operations Manager-White Marsh
Permanent · Baltimore
VICTORIA'S SECRET
Asset Protection Investigator, Victoria's Secret (Southland Mall - Hayward, ca)
Permanent · Sacramento
PINK
Brand Operations Manager-Solano
Permanent · Fairfield
VICTORIA'S SECRET
Product Owner
Permanent · Reynoldsburg
ESTÉE LAUDER COMPANIES
Manager, Creative Operations, Creative Content Hub, North America
Permanent · New York
ESTÉE LAUDER
Director, Ecommerce, North America - dr.Jart+
Permanent · New York
JCPENNEY
Product Manager - Site Management Tools & Cms
Permanent · Plano
JCPENNEY
Financial Planning Senior Analyst - Stores Finance
Permanent · Plano
Published
May 5, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Gap continues to slim portfolio with sale of Intermix

Published
May 5, 2021

American fashion group Gap Inc. announced on Tuesday that it has entered into an agreement to sell its Intermix womenswear brand to private equity firm Altamont Capital Partners as it pushes forward with efforts to streamline its portfolio.


Financial details of Intermix's sale have not been revealed - Instagram: @intermixonline

 
According to the company, Altamont intends to acquire the entirety of the Intermix business, including all store leases, e-commerce and assets. The brand currently operates 31 stores in the United States and a dedicated e-commerce platform.
 
The announcement of the deal follows the completion of Gap’s sale of its Janie and Jack kidswear brand to Go Global Retail in April. The transactions are part of the San Francisco-based company’s “Plan 2023” strategy, through which the group intends to slim down its operations in order to be able to focus on growing its top-performing lifestyle brands, which include its namesake Gap label, Old Navy, Banana Republic and Athleta.

“We are committed to driving long-term, profitable growth for our shareholders and employees, while delivering unique product and experiences for our customers at scale,” explained Gap’s head of strategy, Sally Gilligan, in a release. “The sale of Janie and Jack and planned transaction of Intermix demonstrate how we are prioritizing our strategic focus and resources behind the growth and potential of Old Navy, Gap, Banana Republic and Athleta.”
 
Gap acquired Intermix for around $30 million in 2012. According to a company spokesperson cited by CNBC, the brand represented less than 1% of the group’s total annual sales of $13.8 billion in 2020.
 
BofA Securities, Inc. served as Gap’s financial advisor for the transaction with Altamont. The financial terms of the agreement have not been disclosed.

Copyright © 2021 FashionNetwork.com All rights reserved.