By Nitasha Tiku and Jessica Roy 11/09/12 11:46am

Shakeups

Mr. Ryan (Photo: Invoke Media)

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

Weeks after news broke that flash sales giant Gilt Groupe put its travel deals site, Jetsetter, up for sale, the Wall Street Journal reports that Gilt is looking for a new CEO to replace company founder Kevin Ryan. Sources told the 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

By Jessica Roy 9/17/12 12:08pm

Daily Daze

(Photo: Twitter)

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

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