The deal will embody Altamont taking complete management of the Intermix enterprise. The non-public fairness agency will management all retail places, belongings, and e-commerce. Just lately Hole additionally bought its Janie and Jack youngsters’s clothes enterprise. Intermix began operations in New York Metropolis in 1993 and was subsequently bought by Hole in 2012. At the moment, Intermix runs a complete of 31 places and e-commerce operations.
“The sale of Janie and Jack and deliberate transaction of Intermix exhibit how we’re prioritizing our strategic focus and assets behind the expansion and potential of Previous Navy, Hole, Banana Republic and Athleta,” stated Sally Gilligan, the Head of Technique at Hole.
Picture Credit score: Hole