I just came across this article, “Gilt’s New Funding Values Online Retailer at $1 Billion,” from the Wall Street Journal, which talks about Gilt’s latest fundraising efforts. The article is pretty interesting if you’re into online sample sales and discusses how Gilt has never made a profit, and how their business has been challenged by improvements in the economy.
Most interesting to me though, is the throw-away line toward the bottom of the article, stating that Gilt is planning to launch a Gourmet Food Site by the end of the year. Um, sign me up, please? Can’t wait to hear more about this latest venture from one of our favorite sample sale sites!