Is Gilt About To Be Acquired By Saks Fifth Avenue?

 Gilt.com, the New York-based fashion discount site, is in talks to be acquired for $250 million, according to the Wall Street Journal. The prospective buyer is Hudson’s Bay, which owns Saks Fifth Avenue. An early pioneer in “flash sales,” Gilt sells heavily discounted items from high-end brands. It has been marketed as an avenue for online sample sales and showcases… Read More