M&A Deal Summary

Rue La La Acquires GILT Groupe Holdings

On June 4, 2018, Rue La La acquired e-commerce company GILT Groupe Holdings from Hudson s Bay Company

Acquisition Highlights
  • This is Rue La La’s 1st transaction in the E-Commerce sector.
  • This is Rue La La’s 1st transaction in the United States.
  • This is Rue La La’s 1st transaction in New York.

M&A Deal Summary
Date 2018-06-04
Target GILT Groupe Holdings
Sector E-Commerce
Buyer(s) Rue La La
Sellers(s) Hudson s Bay Company
Deal Type Divestiture

Target

GILT Groupe Holdings

New York, New York, United States
GILT Groupe Holdings, Inc. is an online retail company offering luxury goods and services. Gilt is at the forefront of ecommerce innovation, having built a passionate consumer following by offering daily flash sales to members at Gilt.com.

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Buyer(S) 1

Buyer

Rue La La

Boston, Massachusetts, United States
Category Company
Sector E-Commerce
DESCRIPTION

Retail Convergence Inc. is transforming on-line retail through its high growth, dynamic e-commerce companies. Current businesses include SmartBargains.com a top 100 Internet retailer and RueLaLa.com an invitation-only destination for limited time, private sales of the best brand names in the world. RueLaLa.com provides daily access to coveted brands at private sale pricing bringing the excitement of private sales to life in an online environment.

DEAL STATS #
Overall 1 of 1
Sector (E-Commerce) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Hudson s Bay Company

Brampton, Ontario, Canada
Category Company
Founded 1670
Sector Retail
Revenue 9.4B CAD (2019)
DESCRIPTION

Hudson’s Bay Company operates approximately 250 department stores in the U.S. and Canada. The company owns a portfolio of 77 properties located in premium urban locations, both directly and through its joint ventures, including the Saks Fifth Avenue flagship store in New York. Hudson’s Bay Company offers an assortment of apparel, accessories, shoes, beauty products, and home merchandise through its three retail banners: Hudson’s Bay, Saks Fifth Avenue, and Saks OFF 5TH. Hudson's Bay was founded in 1670 and is based in Brampton, Canada.

DEAL STATS #
Overall 1 of 3
Sector (E-Commerce) 1 of 1
Type (Divestiture) 1 of 2
State (New York) 1 of 2
Country (United States) 1 of 2
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 GILT Groupe Holdings

New York, New York, United States

GILT Groupe Holdings, Inc. is an online retail company offering luxury goods and services. Gilt is at the forefront of ecommerce innovation, having built a passionate consumer following by offering daily flash sales to members at Gilt.com.

Buy $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-11 Hudson s Bay Company - Europe Retail Operations

Germany

Hudson's Bay Company - Europe Retail Operations comprises retail operations based in Europe.

Sell -
Mergr

Product

Company

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