27
Altamont Capital Partners has agreed to carve out Gap’s luxury fashion boutique business Intermix as it eyes a resurgence in social events as Covid-19 eases.
Intermix opened its first boutique on New York’s lower Fifth Avenue in 1993, and was bought by retail clothing giant Gap in 2012. It currently has 31 boutiques and an online store.
Altamont described Intermix as an enviable platform with strong brand identity, an innovative business model, and highly attractive customer base. The brand includes offerings from designers including Isabel Marant, Ulla Johnson, Christopher Esber and Alanuii.
Altamont is optimistic that the retail market will pick up after the pandemic for Intermix to attain a long-term growth. The US consumer confidence index climbed to 121.7 in April, the highest level since February 2020.
Economic contraction of 0.74 percent recorded in Q1 2021: BPS 5th May 2021
Chief of the Statistics Indonesia (BPS) Suhariyanto in a press conference in jakarta on Wednesday (May 5, 2021). ANTARA/screenshot/BPS YouTube account
Economic growth in the first quarter of 2021 contracted by 0.74 percent Jakarta (ANTARA) - Indonesia s economy continued to shrink at 0.74 percent year-on-year (yoy) in the first quarter (Q1) of 2021, according to the Statistics Indonesia (BPS). Economic growth in the first quarter of 2021 contracted by 0.74 percent, BPS Head Suhariyanto stated here on Wednesday.
Suhariyanto attributed the improvement in growth to an upward trend since the GDP contracted 5.32 percent in the second quarter of 2020.
Investing Daily Printable PDF
Founding father James Madison said: “The circulation of confidence is better than the circulation of money.” As we’re currently seeing, confidence does indeed beget prosperity.
As vaccination rates increase and government stimulus checks flow into the economy, indicators point to a robust recovery. One of those indicators is rising confidence, a fragile but powerful force.
This earnings season, management teams from all corners of the market are issuing some of the rosiest business forecasts since last year’s coronavirus outbreak. A number of these businesses are deploying their idle cash into capital investment and mergers and acquisitions, laying the groundwork for faster economic growth down the road.
Business sentiment rose ahead of the festive season but may wane in its aftermath - Adaderana Biz English bizenglish.adaderana.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizenglish.adaderana.lk Daily Mail and Mail on Sunday newspapers.