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Gap and Intermix Looking Into Partnership

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Per WWD, the two are "exploring different possibilities, and are not ruling out an acquisition" in the interest of growing Intermix, which has 33 locations and stocks 220 brands. Khajak Keledjian, the chain's CEO, and Gap released nearly identical statements about their high excitement levels (!), being "in the midst of the due diligence process," and how they cannot comment further.

Photo: Eugene Gologursky/Getty Images

Copyright © 2013, New York Media LLC. All Rights Reserved. The Cut® are registered trademarks of New York Media LLC.

Copyright © 2013, New York Media LLC.
All Rights Reserved.

Copyright © 2013, New York Media LLC. All Rights Reserved.

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