Phong Nguyen

Gilt Groupe is an American online shopping site launched in 2007. In 2016 the company was sold to Hudson's Bay Company for approximately $250 million, which was less than the $268 million taken from investors. Prior to the Hudson's Bay acquisition, sales were exceeding growth projections but the firm had not been profitable yet. In 2018, Boston-based Rue La La acquired Gilt from Hudson's Bay.