Once valued at around $1 billion, eCommerce startup Gilt has found its exit, a $250 million acquisition by Saks’ parent company, Hudson’s Bay Co. (HBC). Once on fire with growth based on its business model of limited-time offer sales of designer clothes, accessories and home...
November 12, 2019
According to reports, the acquisition deal between Le Tote and Hudson Bay Company (HBC) for Lord & Taylor has officially closed, with Le Tote Chief Merchandising Officer Ruth Hartman appointed as president of the department store. The deal was reportedly worth 99.5 million Canadian dollars in cash (USD$75 million at the time) and a secured […]
December 15, 2015
Once valued at around $1 billion, eCommerce startup Gilt has found its exit, a $250 million acquisition by Saks’ parent company, Hudson’s Bay Co. (HBC). Once on fire with growth...
