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Gilt selling Jetsetter because there’s no clear path for growth under it
DigitalJetsetter isn’t failing like some of Gilt’s other properties that have….[Gilt CEO Kevin] Ryan explains that.. there was always a possibility of selling the travel site or finding a partner. That’s why the travel sales site was created as a separate company. And now Gilt is looking to sell Jetsetter…“There’s no clear path to doubling [...]
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Gilt Groupe taps former Travelocity boss Michelle Peluso as CEO
DigitalOnline luxury retailer Gilt Groupe has named Michelle Peluso, a member of the board, to the position of chief executive after conducting a months-long search for someone to replace founder and CEO Kevin Ryan. AllThingsD has learned that Peluso, who is currently the Global Consumer Chief Marketing and Internet Officer at Citigroup — and a [...]
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Gilt puts luxury travel site Jetsetter up for sale
DigitalFashion and flash sales company Gilt has puts its luxury travel flash sales site Jetsetter up for sale, and is looking for as much as $100 million for it, according to a story in WSJ, though that may be hoping for too much. Our sources have confirmed the sales process, and among the media companies that have been approached [...]
