Retailer sees Gap for upmarket boutique
Sunday 21 April 2013
US clothing giant Gap is looking to bring its new luxury boutique chain to the UK.
Intermix – whose biggest fan is the reality TV star Kim Kardashian – was bought by Gap in January for $130m (£85m). It has around 30 shops in the US and Canada and sells upmarket brands such as Yves Saint Laurent and Rag & Bone.
Gap is reviewing the opportunities for the group to expand in key global cities and London is one of the top destinations it is considering.
Its brands, including Old Navy, are focused on the casual fashion market and its purchase of Intermix is an attempt to diversify into the growing high-end sector.
Gap brought its Banana Republic brand to London in 2007. And among other US imports, London will welcome Michelle Obama's favourite brand J Crew on to Regent Street later this year.
Edie Kissko, Gap Inc's spokesperson, said: "While it's too early to provide details, we can say that Intermix's growth will come from additional stores, coupled with increased online penetration.
"Our focus is on North America today, but we are always exploring longer-term strategies"
- 1 I was a Woman Against Feminism too
- 2 Fifty Shades of Grey movie trailer released: First look at Jamie Dornan as Christian Grey
- 3 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 4 Students offered grants if they tweet pro-Israeli propaganda
- 5 The Tory donor whose firm is one of Britain’s biggest tax avoiders - with HMRC's blessing
Vladimir Putin employs a full-time food taster to ensure his meals aren't poisoned
Peaches Geldof: Her final day – and her fatal decision
Students offered grants if they tweet pro-Israeli propaganda
Israel-Gaza conflict: Israel may have committed war crimes, says UN human rights chief
Taiwan plane crash: Typhoon Matmo could have caused TransAsia Airways disaster, airline suspects
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
iJobs Money & Business
£18000 - £20000 per annum + OTE £25K: SThree: SThree Group has been well estab...
competitive: Progressive Recruitment: This really is a fantastic chance to joi...
£40000 - £60000 per annum + BONUS + BENEFITS: Harrington Starr: CXL, Triple Po...
£60000 - £75000 per annum + BONUS + BENEFITS: Harrington Starr: Business Anal...