SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Dealmakers

The Buyside:
Disney, Warner Bros. Seek Next-Gen YouTubes

Traditional Hollywood studios such as Disney and Warner Bros. are seeking next-generation YouTube content providers

The Buyside

Activist Investors Dig Into Mid Market
Spurred on by the high-profile success of Carl Icahn and others, a growing crop of firms is looking further downstream

Today's Transactions:
In Latest Retail Grab, Gap Acquires Retailer Intermix for $130M

Gap also owns retailers Banana Republic, Old Navy, Piperlime and Athleta

Gap Inc. (NYSE: GPS) has acquired Intermix Holdco Inc., a luxury women’s retailer for $130 million in cash.

New York-based Intermix sells a mix of luxury brands and up-and-coming designers through 32 boutiques across North America. Gap seeks to expand the brand’s network of stores and enhance Intermix’s website.

Gap owns retailers Banana Republic, Old Navy, Piperlime and Athleta. The deal closed on Dec. 31, ending a year stocked with retail M&A. In December, Delta Galil USA agreed to acquire sock-maker LittleMissMatched. Private equity firm Leonard Green & Partners LP purchased a 25 percent stake in retail chain Topshop from British billionaire Philip Green for $805 million. . In October, PVH Corp. (NYSE: PVH) acquired Warnaco Group Inc. (NYSE: WRC), which gave the buyer the rest of the Calvin Klein brand, in addition to Speedo, Body Nancy Ganz/Bodyslimmers, Warner’s and Olga. 

For more on retail M&A, see “Retail M&A: Time-Tested Brands Sell.” 

 

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