Fashion Site Gilt Puts Jetsetter up for Sale
Gilt Groupe Inc. has put its Jetsetter unit up for sale and is seeking as much as $50 million for the luxury travel site, a person familiar with the effort said.
The Internet-based fashion company has been pitching Jetsetter to other online travel companies, private equity firms and other players in the past several weeks, people familiar with the matter said. Gilt had been seeking around $100 million for the unit, but so far there hasn’t been much interest, some of the people said.
