| Description: | A Compendium Of The Week That Was In Style News
1. Gap Buys IntermixThe gap between luxury fashion and mainstreet retail got a little smaller this week when Gap Inc. bought the highend boutique chain Intermix for US$130 million. Gap is hoping that Intermix, which currently houses such brands as Proenza Schouler, Givenchy and Vince, will up their fashion cred, while they revamp Intermix's ecommerce site and expand their number of brickandmortar stores. Since Gap Inc.'s net sales in 2011 were $14.5 billion and they have stores in about 90 countries, we're looking forward to watching Intermix mix it up a bit.
Do you know what other luxury brand is feeling the effects of a buyout?
2. Bulgari's in Big TroubleThis luxury Italian jewellery label is known throughout the world for its sparkly gemstones and precious metals, but they may be known for something else in Luxembourg and Ireland. The financial branch of the Italian police is accusing the brand of redirecting some of its reve |