Gap Inc. is acquiring privately held women’s fashion boutique Intermix Inc. for US $ 130 million as it plans to enter the all-important luxury market. Intermix has around 30 stores in the US and Canada, and doesn’t produce its own clothes. But, Gap expects to benefit from the chain’s relationships with designers, including Herve Leger, Yves Saint Laurent and Rag & Bone, the report noted. Intermix has sales of around US $ 130 million a year.
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