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News briefs

Gilt Groupe, Bulgari, Jaguar Land Rover and Lancome – News briefs

May 11, 2011

 

gilt185Today in luxury marketing:

Gilt Groupe valued at $1B

Gilt Groupe Inc., an online retailer of luxury goods, has raised $138 million from investors, including Japan's Softbank Group and Goldman Sachs Group, valuing the company at $1 billion even though it has yet to turn a profit, according to WSJ.

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