By  on December 6, 2012
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  • HBC Agrees to Buy Gilt Groupe to Expand All-Channel Push | Forevervogue | Because life is a runway

    […] Reports the two companies were in talks began circulating in mid-December. Gilt was founded in 2007 and had rapid growth through the Great Recession when it and similar flash-sale sites were able to snap up excess inventory and develop significant scale. Gilt expanded into women’s and men’s apparel and accessories and subsequently added travel, home furnishings and food. Kevin Ryan cofounded the firm and led it as chief executive officer from 2010 to 2013, eventually passing the baton off to Michelle Peluso. […]

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