GAP INC. PURCHASES INTERMIX FOR $130 MILLION
Well now the merger is official, Gap has acquired the luxury retailer, Intermix for $130 million. CEO of Intermix, Khajak Keledjian says the merger,
will enable us to have more time to focus on growth. One reason for our success is [being] an incubator for new designers and new talent. [Partnering with Gap] will let us focus more on product, merchandising and innovation.”
So what if any changes can we expect? Perhaps a price point decrease from Intermix??? Doubtful, but we can still hope!