Gap Dives Into High-End Market With $130M Intermix Buy

Law360, New York (January 3, 2013, 6:10 PM EST) -- Shopping mall mainstay Gap Inc. has paid $130 million for specialty women’s apparel company Intermix Holdco Inc., it said Thursday, joining several other mega-retailers in a widespread foray into the lucrative luxury marketplace.

The news follows rumors that bubbled up in media reports last month that the boutique, which features products from several high-end clothing lines online and in more than 30 brick-and-mortar shops, was feeling out a deal with Gap. The parties did not give a financing breakdown, but said they buttoned up the transaction...
To view the full article, register now.