Your morning dose of chic intel has arrived. Read on for today’s Links of The Daily… The Elder Statesman Opens…
Intermix’s 2013 New Year’s resolution: fall into the Gap. On December 31, 2012, the multi-brand, specialty store was scooped up by Gap Inc. for $130 million in cash, adding to the retail behemoth’s existing portfolio of brands that includes Gap, Old Navy, Banana Republic, Piperlime, and Athleta. Intermix, the boutique chain which currently counts 32 locations throughout North America, stocking luxury and contemporary ready-to-wear and accessories for women, had been searching for a partner to help further its expansion since late last year. Intermix enlisted investment banking firm, The Sage Group, to aid in the acquisition quest in August; the two retailers have been in talks since early December.