We hear former Gourmet editor in chief Ruth Reichl is staffing up a food spin-off of Gilt Groupe, the luxury discount retailer Web site. The project remains in stealth mode, but one might expect the site to look like the Gilt MANual blog, which pairs original lifestyle content with links to Gilt Groupe’s men’s wear Read More
point of purchase
What better way for old media properties like the NY Times to beef up their bottom line than to jump on the bandwagon of daily deal sites that have been heating up the tech sector.
Market leader Groupon recently closed a massive funding round and New York’s Gilt Groupe was just reported have hit Read More
The private sale service Gilt Groupe is looking to raise between $80-100 million in a deal that will value the company at around $1 billion, according to Business Insider’s Henry Blodget.
Breaking the news of Gilt’s new valuation via Blodget is an interesting choice, since two of Gilt Groupe’s co-founders, Kevin Ryan and Dwight Merriman, Read More
The tech blogosphere is hot on the idea that the thirst for public offerings may be slaked next year, after a long drought.
There were just 45 offerings of tech companies in 2010 and only 16 in 2009, Evelyn M. Rusli writes at Dealbook in a post about the outlook for I.P.O.’s in Read More
New York-based Gilt Groupe is by now a well-established network of group-buying sites for buyers with six-figure incomes, and it’s expanding aggressively.
Gilt just launched a local deal “Gilt City” site for Tokyo, its first site for a city outside the U.S., and now it plans to unveil a new category: full-price Read More
New York City-based Gilt Groupe has added Tokyo to its members-only list of cities where its Gilt City deals are available, Mashable is reporting.
The international play comes after the company raised $15 million in debt funding. But that money was used to fund a warehouse in the opposite of Tokyo, also known Read More
The giant password leak on the U.S.S. Gawker has other big ships rushing to plug the holes.
Hackers published the emails and passwords of Gawker’s 1.5 million users. Hackers and spammers took the list and looked for users who might have used the same password for their email or on other sites–Twitter, Amazon, Seamless Web. Read More
Gilt, the online retailer, has been interviewing designers around town to explore the possibility of launching its own fashion line. [WWD]
Designing a line for H&M felt, for Lanvin’s Alber Elbaz, as if he were “living in a palace and opened some doors and said, ‘Have tea with me, taste the food.’” Read More
Alley Vs Valley
Gilt Groupe has made its first acquisition, the San Francisco-based luxury deal site Bergine, as part of a rapid expansion plan that has put the NYC-based site in five new American hubs.
Bergine was founded in March by Patricia Calfee. Gilt is looking for local expertise and connections, so Calfee will help run Gilt’s West Read More
Kicking the Whitney Museum of American Art’s trend of blending art and fashion up a notch, the museum’s co-chair Adam Lippes last night hosted a laid-back celebration of his collaboration with the institution and online retailer Gilt Groupe.
The elegantly dressed partygoers were feting the July 1 launch of “ADAM for The Whitney Museum Read More