Gap (GPS) is acquiring women's fashion boutique Intermix for $130M in what will be Gap's first...

|By:, SA News Editor

Gap (GPS) is acquiring women's fashion boutique Intermix for $130M in what will be Gap's first purchase since 2008. Intermix, which generates annual revenue of $130M, will give Gap a foothold in the luxury market and widen its relationship with designers. "We are the incubator with emerging brands, and we can help them out with collaborations," says Intermix founder and CEO Khajak Keledjian.