Revision of Gilt Groupe
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description | — | Gilt Groupe is an American online shopping site launched in 2007. In 2016, the company was sold to Hudson's Bay Company for approximately $250 million, which was less than the $268 million taken from investors. Prior to the Hudson's Bay acquisition, sales were exceeding growth projections but the firm had not been profitable yet. In 2018, Boston-based Rue La La acquired Gilt from Hudson's Bay. Mark McWeeny is its CEO. |