Gap to sell Intermix clothing chain to private equity firm.
By Alvarez in Business
Updated 3 years ago
NEW YORK (AP) — Gap Inc. has signed a deal to sell the upscale clothing chain Intermix to private equity firm Altamont Capital Partners. Gap said Tuesday that Altamont Capital intends to acquire the entire Intermix business, including all store leases, e-commerce and assets. Intermix operates 31 stores. It didn't disclose the purchase price.