Gilt Groupe Acquires Home Decor Shopping Site Decorati

Gilt Groupe, the New York private sales company, said it will launch a broader home-shopping business with today’s acquisition of San Francisco-based Decorati, which offers upscale interior design products. Terms of the deal were not disclosed. Gilt said its new Home offering will launch later this year, providing a mixture of full-price merchandise, daily flash sales and social tools. There will also be a channel focused on professional designers. The company will be competing against well-funded startups, like One Kings Lane.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work