Since 2007, the Gilt Groupe has been selling apparel from luxury designers and fashion brands, boasting savings up to 60 percent off retail. On Tuesday, the New York-based company launched its standalone luxury retail site for men called Park & Bond, which was built from the ground up to reflect the way men shop. READ MORE
Daily deals site Groupon and travel planning site Expedia launched their joint venture today, a travel deals service called Groupon Getaways that will offer discounts on hotel rooms, flights, and other services offered through Expedia. READ MORE
And they deride Apple products as mere fashion accessories: The recently unveiled Samsung Series 5 Chromebook (along with a model from Acer, one of the two new Google Chrome OS-based netbooks I previously wrote about) has already gone on sale at the luxury fashion discount site Gilt Groupe, ahead of the wide-release sale date of June 15th. READ MORE
The Wall Street Journal reports that venture capitalists have invested nearly $150 million in Gilt Groupe, pegging the company’s value at a whopping $1 billion. Here’s the kicker: Gilt hasn’t turned a profit since it was founded in 2007. READ MORE
