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Gap to Sell Its Intermix Business to PE Firm Altamont Capital Partners

Gap said Tuesday it agreed to sell its Intermix designer clothing brand to the private equity firm Altamont Capital Partners. Financial terms of the deal weren't disclosed. The sale will help Gap better focus on growing its stronger-performing Athleta and Old Nany brands, while working to turn around its namesake Gap label as well as Banana Republic.
Read more on: newsbreak.com