Gap Inc. acquired Intermix, Inc. from Goode Partners LLC and others for approximately $130 million.
January 02, 2013 at 11:00 pm EST
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Gap Inc. (NYSE:GPS) acquired Intermix, Inc. from Goode Partners LLC and others for approximately $130 million on December 31, 2012. Intermix has sales of around $130 million a year. Post acquisition, Khajak Keledjian, the founder and Chief Executive Officer of Intermix, Inc. will be appointed as Chief Creative Officer of Intermix, Inc. Keledjian and Adrienne Lazarus, the President of Intermix, Inc. will report to Art Peck, the President of Gap's Growth, Innovation and Digital division. Mario Paura and Rockey Delfino of Stikeman Elliott LLP acted as the legal advisor and The Sage Group, LLC acted as financial advisor to Intermix in the transaction. Howard Sobel, David Wheeler, Bradd Williamson, Austin Ozawa, Hayley Moore, Michelle Kelban, Matthew Dukes, Jeffrey Tochner, Laurence Stein, Lauren Murphey of Latham & Watkins LLP acted as legal advisors for Intermix. Randi Lesnick of Jones Day acted as legal advisor for Goode Partners LLC.
Gap Inc. (NYSE:GPS) completed the acquisition of Intermix, Inc. from Goode Partners LLC and others on December 31, 2012.
The Gap, Inc. is a specialty apparel company in America. The Company offers apparel, accessories and personal care products for women, men and children. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories and lifestyle products for men, women and children. It is an omni-channel retailer, with sales to customers both in stores and online, through Company-operated and franchise stores, websites, and third-party arrangements. Its omni-channel services, including buying online pick-up in store, order-in-store, find-in-store, and ship-from-store, as well as enhanced mobile-enabled experiences, are tailored across its collection of brands. Gap includes adult apparel and accessories, GapKids, babyGap, Gap Maternity, GapBody, and GapFit collections. Banana Republic is a premium lifestyle retailer celebrating exploration and self-expression through timeless quality, versatile fabrics, and exceptionally made womenswear, menswear, and home designs.
THE GAP, INC. 
