| Founded | 2007 |
|---|---|
| Closed | 2016 |
| Country | USA |
| Sector | Ecommerce |
| Total raised | ~$236M USD |
| Collapse type | Fire Sale |
| Founder | Alexis Maybank |
Gilt Groupe
"Members-only flash sales pioneer raised $236M and hit $1B valuation. Trained customers to never pay full price. Luxury brands pulled merchandise. Sold to Hudson's Bay for $250M — a 75% haircut."
Distressed acquisition below last-round valuation
Key Events Timeline
Gilt Groupe was founded in 2007 by Alexis Maybank and Alexandra Wilkis Wilson in New York, backed by co-founders Kevin Ryan (who had previously built DoubleClick) and Phong Nguyen.
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