Gilt Groupe Inc. raised $138 million in new funding, valuing the online retailer at $1 billion as it scouts for acquisitions and readies a full-price men’s apparel site.
“There’ll be a lot more consolidation in this space in the next 12 months,” Kevin Ryan, founder and chief executive officer of Gilt, told WWD. “The large companies like ourselves have a lot of revenues and a lot of traffic, and it’s going to be hard for the smaller companies to compete.”
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)