Peter Kafka

Recent Posts by Peter Kafka

Gilt Groupe Returns Its CEO: Kevin Ryan, Susan Lyne Swap Places

Gilt Groupe, the earliest and best known of the U.S. “private sale” shopping sites, has a new boss: Founder Kevin Ryan, who previously served as the company’s chairman, is now running the company.

Susan Lyne, brought in as CEO two years ago from Martha Stewart Living Omnimedia (MSO), has been moved into Ryan’s old chairman slot.

Gilt Groupe, which is touted as a likely IPO candidate, says it will see gross revenues of $400 million to $500 million this year.

(Full disclosure: I worked for Ryan for a year at Silicon Alley Insider.)

Here is a video interview that BoomTown’s Kara Swisher just did with Lyne at Gilt’s offices in New York’s Manhattan:


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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus