Hudson's Bay is selling Gilt Groupe to Rue La La, two years after buying the ecommerce site for $250M; sources say the new deal is well below $100M
Suzanne Kapner / Wall Street Journal :
Hudson's Bay Confirms $250 Million Acquisition of Gilt Groupe
Hudson's Bay, the owner of Saks Fifth Avenue and other department store chains, has agreed to acquire Gilt Groupe for $250 million in cash, the company announced Thursday morning. Re/code reported on...
Sources: Saks Fifth Avenue owner Hudson's Bay nears deal to buy Gilt Groupe for about $250M
Hudson's Bay Near Deal to Buy Online Retailer Gilt Groupe for $250 Million — Saks Fifth Avenue owner would pair online luxury retailer with Off 5th Business — The Hudson's Bay Co. …
AOL Confirms Susan Lyne As CEO Of Brand Group, Artie Minson Out As COO Role Goes (Memo)
AOL today confirmed a couple of big changes at the top of the company, as first reported yesterday by Bloomberg and AllThingsD. Susan Lyne, the exec who had previously been CEO of Gilt Groupe and an ...
Gilt Groupe Cuts Include 10 Percent of Employees and Two Executives
Gilt Groupe, a luxury e-commerce and flash sales site, has trimmed roughly 10 percent — as many as 90 — of its employees, including some of its management team. — Earlier this month, Gilt Groupe CEO...
Layoffs Underway at Gilt Groupe Right Now: ‘General Atmosphere Is Terrifying’
Last Wednesday, Betabeat broke the news of impending layoffs at Gilt Groupe. Later that morning, CEO Kevin Ryan downgraded the estimates we had heard, telling AllThingsD that the company intended to ...
Gilt Groupe Investor Matrix Partners Leads $33M Round In Fashion Retail And Styling Platform JustFabulous
JustFabulous, a fashion retail and styling platform, has raised $33 million in Series A funding lead by Matrix Partners (who also invested in flash sales giant Gilt Groupe) …
Attention, shoppers: Men outspend women 9 to 1 on mobile virtual goods
Given the stereotype of how much women love shopping, you'd expect them to be the biggest spenders online. And women are indeed fueling purchases at sites such as Gilt Groupe. But when it comes to p...
Former Digg VP Of Engineering Lands At Gilt Groupe
Well there's at least one former Digg engineer out there that had a happier Thanksgiving. We've gotten word that John Quinn, former Digg VP of Engineering, will be joining luxury discount marketplace...
Private Online Shopping Sites Cash In
A Virtual Velvet Rope — The most exclusive club in town may be just a few mouse clicks away. Invitation-only shopping sites with names like Gilt Groupe and Rue La La are gaining popularity online. ...