Gilt City, A Subsidiary Of Gilt Groupe, Officially Acquires BuyWithMe

Confirming earlier reports, luxury deals site Gilt City, a subsidiary of Gilt Groupe, Inc., is acquiring the assets of failed daily deals site BuyWithMe, after the latter saw massive layoffs following its failure to raise additional funding. Terms of the acquisition were not disclosed. Former members of BuyWithMe will now have access to all of Gilt's offerings, including women's, men's and children's apparel, plus accessories, home decor, travel experiences, and gourmet food and wine.

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