GSI Commerce acquires RueLaLa.com for $350 million
GSI Commerce, an e-commerce firm, said it has purchased Retail Convergence, the parent company of RueLaLa.com as well as SmartBargains.com. Michael Rubin, chief executive at GSI, said Rue La La's business model, which includes holding invitation-only sales of luxury items at discounts, will "continue its remarkable growth trajectory."
New York Times, The | 10/27
This story published in Shop.org SmartBrief on 10/28/2009
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