About Gilt Groupe: Gilt is an online shopping and lifestyle website based in the United States, launched in 2007 At one time valued at over $1 billion on paper, the company was eventually sold to Hudson's Bay Company for approximately $250 million, far lower than the total obtained from its investors. Prior to the Hudson’s Bay acquisition, sales were exceeding growth projections but the firm had not been profitable yet. On June 4, 2018, Boston, Massachusetts-based Rue La La acquired Gilt from HBC.

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