Happy First Friday of 2013!
The Gap has purchased Intermix for $130 MILLION! Yes, The Gap. Yes, Intermix. Seriously.
Intermix bagan in 1996 in Manhattan, and now has stores in 11 states, and one in Toronto, Canada. Intermix carries fabulous gorgeous lines such as DVF, Chloe, Yigal Azrouël, Mulberry, Jimmy Choo, Stella McCartney, and Rag & Bone. The Gap is worth $15 BILLION and looking to redefine itself. reversecommuter says “BRILLIANT MOVE!”
Tiffany & Co. and Elsa Peretti are still in love, $47.3 MILLION kinda love. The Italian designer and the blue box jeweler have extended their relationship with an extended deal. Elsa’s designs are responsible for 10% of Tiff’s annual sales.
Yesterday was a BIG day for Brown Santa (click here to read about my adoration of Brown Santa). January 3rd is now known as “National Returns Day”. UPS was expecting more than 500,000 returns to be picked up and processed yesterday, with an impressive 2 MILLION returns this week. So much for regifting!
Have a fashionable & fun weekend!