Gilt Groupe Chairman Susan Lyne was recently interviewed by The Deal.
Gilt is in an interesting moment. It’s the clear leader in the US right now and recently raised a bunch of money at a $1 billion valuation, but it’s awoken sleeping giants. Amazon just launched its competitor MyHabit and the French juggernaut Vente Privée just announced a US joint venture with American Express.
After saying most of the smaller Gilt competitors would probably be consolidated, Lyne was asked whether Gilt could be acquired and said: “Anything’s possible, but I think it’s more likely we’ll stay an independent company.”
She also talks about Martha Stewart Living, where she was CEO before joining Gilt, and says being a private company is awesome.
Here’s the interview:
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Disclosure: Business Insider and Gilt Groupe share co-founders.