Gap to sell clothing chain Intermix to Altamont Capital: AP

San Francisco-based retail chain Gap Inc has agreed to sell upscale clothing chain Intermix to Altamont Capital Partners, reported the Associated Press.

San Francisco-based retail chain Gap Inc has agreed to sell upscale clothing chain Intermix to Altamont Capital Partners, reported the Associated Press. No financial terms were disclosed. The news wire noted that Altamont Capital plans on acquiring the entire Intermix business, including all store leases, e-commerce and assets. Currently, Intermix operates 31 stores.

Source: AP