Gilt Reportedly Looking for IPO-Friendly CEO to Replace Kevin Ryan [UPDATED]

Mr. Ryan (Photo: Invoke Media)

Weeks after news broke that flash sales giant Gilt Groupe put its travel deals site, Jetsetter, up for sale, theĀ Wall Street Journal reports that Gilt is looking for a new CEO to replace company founder Kevin Ryan. Sources told theĀ Journal that Mr. Ryan and the Gilt board agreed two months ago to quietly begin the hunt for a new CEO who can help usher the struggling e-commerce site towards a successful IPO.

Despite flailing forays into verticals like menswear and travel, Gilt is still eyeing going public within the next 18 months, and wants a CEO who can revamp Mr. Ryan’s business strategy in order to “generate sufficiently predictable profits.” Read More

Daily Daze

Porn Star Jenna Haze Teams Up with Daily Desire to Launch a Flash Sales Site for Sex Stuff

(Photo: Twitter)

Last time we heard from Jenna Haze, the infamous porn star was performing unspeakable acts on blissed-out, ripped male costars. Now officially an ex-porn actress, Ms. Haze has harnessed the same enthusiasm it takes to give a good BJ and transitioned it to the business world, partnering with startup Daily Desire, a “lifestyle flash-sale site created for the adventurous consumer with a penchant for high-end sexy luxury products and brands.” Read More