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.

Read the rest of this post on the original site »


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »