American High-End Clothing Flash Buying Website Gilt Groupe Is Ready To Go Public.

According to foreign media quoted sources, the United States

Flash shopping website Gilt Groupe is searching for CEO replacement to prepare for the listing of the company, and the company will also restructure its business.

According to sources, the incumbent CEO Lan Kewen (Kevin Ryan) is responsible for searching for successors.

The replacement will come from the outside of the company, and the replacement of CEO will be completed in the first quarter of next year.

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It also plans to pfer its tourism business, which currently generates 10 million to 15 million dollars in revenue every year.

In last year's financing, Gilt Groupe was valued at $1 billion.

According to sources, it plans to start listing in the fourth quarter of next year and plan to succeed IPO within a year.

Gilt initially paid attention to the flash buying of high-end clothing and clothing, which only lasted 36 hours.

At present, its commodity category has expanded, including ordinary price commodities, food and tourism supplies. The industry believes that this will bring the risk of brand dilution.

According to sources, Lan Kewen did not want to be distracted because he wanted someone to take over the post of CEO.

So far, he has interviewed six people, and the interviewer is on the Internet.

More proficient.

At the beginning of this year, Gilt closed the local group buying website business "Gilt City", and will also close the men's clothing brand Park & Bond.

After the replacement of CEO, he will remain chairman of the company, half of which will be used for Gilt, and half of the time for other newly established companies, including sci-tech news website, Business Insider and 10gen company.