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Commerce

Gilt Groupe’s woes may signify overall slump in flash-sale industry

January 25, 2012

 

By Kayla Hutzler

Luxury flash-sale site Gilt Groupe’s recent lay-offs and office closings are likely a result of overzealous growth but are also causing some experts to question the longevity of the flash-sale business model.

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  1. Mulberry to resume ready-to-wear with new creative director
  2. Panerai docks in Osaka’s Hankyu Umeda department store
  3. Disruption is focus of FT Business of Luxury Summit May 20-22
  4. Chaumet expands environmental efforts with WWF France partnership
  5. Boucheron opens first flagship in China
  6. McLaren teases launch of Golf line
  7. Natural Diamond Council introduces World Diamond Day
  8. Belmond announces summer debut of rebranded river cruiser, Marguerite
  9. EssilorLuxottica, Dolce & Gabbana extend licensing deal
  10. Cunard enlists stylist Micaela Erlanger for exclusive collaboration
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