Gilt City has acquired daily deal site BuyWithMe.com.
Terms of the transaction were not disclosed.
The BuyWithMe acquisition is expected to help Gilt City, a subsidiary of Gilt Groupe, expand in the ten markets it’s already in, as well as in new ones over the next 12 months.
Kevin Ryan, chief executive officer and founder of Gilt Groupe, said, “BuyWithMe complements our philosophy of providing premium offers to customers at great prices. We are excited to capitalize on this incredible opportunity to grow our lifestyle positioning.”
For now, BuyWithMe will carry out sales previously scheduled, and thereafter its members will receive offers through Gilt City and Gilt Groupe.