Is Rue La La profitable?

Two of fashion tech’s pioneering companies have come together. Rue La La, a flash-sale fashion site, announced Monday that it has purchased Gilt Groupe, a discount fashion and merchandise seller. But on Monday, Mark McWeeny, Rue La La’s CEO, said the company has achieved record revenues and profits in 2017.

What brands does Rue La La sell?

Rue La La doesn’t feature no-name brands….And with big name brands at a discount, there is plenty of excitement.

• Hermes.
• YSL.
• Coach.
• Balenciaga.
• Lily Pulitzer.
• Chloe.

Who owns Rue La La?

Kynetic
Rue La La/Parent organizations

Is Ruelala same as gilt?

Today, Rue La La acquires Gilt, creating the newly formed Rue Gilt Groupe. Both are flash sale e-commerce sites that sell designer goods for discount prices. According to a statement released by Rue La La, the two brands will continue to exist separately, since they have distinct customers.

Is Ruelala owned by Gilt?

NEW YORK, United States — Rue La La, under parent company Kynetic, has acquired Gilt Groupe from Hudson’s Bay Co. to create one large flash sales entity called Rue Gilt Groupe. After merging, the companies are slated to reach $1 billion in sales.

Is Rue La La fake?

In all cases, Rue La La stands by the authenticity of every product sold on our site. Occasionally, we purchase merchandise from trusted independent suppliers, not directly from the brand owner. This includes pre-owned products.

Are Gilt and Rue La La the same company?

Rue Gilt Groupe operates three complementary sites – Rue La La, Gilt, and Shop Premium Outlets. To be the most engaging online, off-price style destinations, connecting world-class brands to the next-generation shopper.

Are Rue La La products authentic?

Is Rue La La same as gilt?

Is Gilt and Rue La La the same company?

Rue La La is buying Gilt Groupe from Hudson’s Bay Company, in the second acquisition of Gilt Groupe in two years. Hudson’s Bay Company purchased Gilt Groupe in 2016 for $250 million. Rue La La itself was acquired in 2011 by Kynetic, a holding company that owns other e-commerce entities, according to Fast Company.

Is Rue La La owned by Gilt?

Is Gilt and Rue La La the same?