Gilt Groupe Sold to Rival Rue La La

Saks Fifth Avenue's complex experiment with online flash sales is ending almost as abruptly as it began.

Hudson & # 39; s Bay Co., the parent of the department store chain, is selling Gilt Groupe to Rue La La, according to the companies. The price is well below $ 100 million, said people familiar with the deal.

Hudson & # 39; s Bay paid approximately $ 250 million for …


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