Gilt
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Gilt’s Unicorn Tale Comes To An End After Being Acquired For $250M
Hudson’s Bay Company, the owner of department chain stores like Saks Fifth Avenue, said today it was acquiring Gilt Groupe for $250 million. The sale still represents a tough end to the story of Gilt. The startup was one of the original darling flash-sale sites coming out of New York. But that whole market has found itself challenged by slim operating margins, its initial popularity… Read More
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HP’s Gilt-Exclusive Smartwatch Puts Fashion First
What would it take to get people actually buying smartwatches in droves? Could FASHION be the answer? A new odd trio aims to find out, with HP teaming up with fashion flash sales site Gilt and designer Michael Bastian (via Fashionista) to create a smartwatch that looks smart, too, if you’ll permit me to use some slightly archaic language for the sake of a pun.
The tech behind the new… Read More
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