By  on June 4, 2018

LONDON — Gladd, Japan’s biggest online flash sales platform, is thinking big: On Monday, it revealed the purchase of competitor Gilt Japan from Hudson’s Bay Co. as it gears up for a 2020 initial public offering on the Tokyo Stock Exchange.

Gladd and Gilt both launched in 2009 in Japan and grew alongside each other, but with different offers — and audiences: While Gilt, a division of Gilt Groupe, pursued an international fashion and luxury track, Gladd focused on Japanese brands and put an emphasis on lifestyle, children, home and food, as well as casual fashion.

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