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		<title>Gilt Groupe&#8217;s Obsession with All Things Vertical: &#8216;We Plow Through 100 Ideas a Week&#8217;</title>

		<comments>http://betabeat.com/2011/10/gilt-groupes-obsession-with-all-things-vertical-we-plow-through-100-ideas-a-week/#comments</comments>
		<pubDate>Mon, 10 Oct 2011 11:01:20 -0400</pubDate>
					<link>http://betabeat.com/2011/10/gilt-groupes-obsession-with-all-things-vertical-we-plow-through-100-ideas-a-week/</link>
			<dc:creator>Nitasha Tiku</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=18866</guid>
		<description><![CDATA[<p><div id="attachment_18868" class="wp-caption alignleft" style="width: 176px"><img class="size-full wp-image-18868" title="87813v2-max-250x250" src="http://nyobetabeat.files.wordpress.com/2011/10/87813v2-max-250x250.jpg" alt="" width="166" height="250" /><p class="wp-caption-text">Mr. Deeming, via Crunchbase</p></div></p>
<p>What's life like for Rob Deeming, Kevin Ryan's <a href="http://money.cnn.com/2010/01/19/news/companies/ceo_chief_of_staff.fortune/index.htm">"chief of staff"</a> at Gilt Groupe? In a word: busy. The 33-year-old's job centers around what seems like Gilt's primary objective these days: launching new verticals as its core discount business matures and e-commerce competitors multiply.</p>
<p>In an interview with Mr. Deeming, a Brit with a Harvard MBA, <a href="http://www.thestreet.com/story/11271683/1/gilt-groupe-riding-the-gilded-wave-of-growth.html">The Street</a> reports that the majority of Gilt growth comes from "a dizzying array" of new full-priced verticals, such as Jetsetter, Gilt Taste, and Park &amp; Bond, which are expected to rake in $100 million combined within the next fiscal year. Gilt City, meanwhile, will account for 10 percent of overall revenue.</p>
<p><em>Dizzying</em> seems like the right word to describe the pace. Mr. Deeming told the Street, "Now we plow  through 100 ideas a week," <!--more-->adding:</p>
<blockquote><p>"At any one time I'm trying to manage a list of 10 to 15  businesses we're thinking about going into and then I'll put together  two or three that might be the most interesting," he said. "I'll take  that to the board, review them and then we'll decide what to move  forward with so we can put together a team."</p></blockquote>
<p>But don't worry, it's not like they've <em>totally</em> gone off the vertical deep end:</p>
<blockquote><p>"Growing fast is always a concern but not growing fast is a concern  too," CEO Kevin Ryan said. "There are lots of things we haven't done -- we  haven't expanded into 20 countries and we're not in 100 different  categories."</p></blockquote>
<p>E-commerce is just like Hollywood, isn't it? Everyone loves the bankability of a fresh new vertical, but they all mature someday, folks.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_18868" class="wp-caption alignleft" style="width: 176px"><img class="size-full wp-image-18868" title="87813v2-max-250x250" src="http://nyobetabeat.files.wordpress.com/2011/10/87813v2-max-250x250.jpg" alt="" width="166" height="250" /><p class="wp-caption-text">Mr. Deeming, via Crunchbase</p></div></p>
<p>What's life like for Rob Deeming, Kevin Ryan's <a href="http://money.cnn.com/2010/01/19/news/companies/ceo_chief_of_staff.fortune/index.htm">"chief of staff"</a> at Gilt Groupe? In a word: busy. The 33-year-old's job centers around what seems like Gilt's primary objective these days: launching new verticals as its core discount business matures and e-commerce competitors multiply.</p>
<p>In an interview with Mr. Deeming, a Brit with a Harvard MBA, <a href="http://www.thestreet.com/story/11271683/1/gilt-groupe-riding-the-gilded-wave-of-growth.html">The Street</a> reports that the majority of Gilt growth comes from "a dizzying array" of new full-priced verticals, such as Jetsetter, Gilt Taste, and Park &amp; Bond, which are expected to rake in $100 million combined within the next fiscal year. Gilt City, meanwhile, will account for 10 percent of overall revenue.</p>
<p><em>Dizzying</em> seems like the right word to describe the pace. Mr. Deeming told the Street, "Now we plow  through 100 ideas a week," <!--more-->adding:</p>
<blockquote><p>"At any one time I'm trying to manage a list of 10 to 15  businesses we're thinking about going into and then I'll put together  two or three that might be the most interesting," he said. "I'll take  that to the board, review them and then we'll decide what to move  forward with so we can put together a team."</p></blockquote>
<p>But don't worry, it's not like they've <em>totally</em> gone off the vertical deep end:</p>
<blockquote><p>"Growing fast is always a concern but not growing fast is a concern  too," CEO Kevin Ryan said. "There are lots of things we haven't done -- we  haven't expanded into 20 countries and we're not in 100 different  categories."</p></blockquote>
<p>E-commerce is just like Hollywood, isn't it? Everyone loves the bankability of a fresh new vertical, but they all mature someday, folks.</p>
]]></content:encoded>
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		<title>Gilt Groupe&#8217;s New Men&#8217;s Site, Park &amp; Bond, Looks Duditor-Approved</title>

		<comments>http://betabeat.com/2011/08/gilt-groupes-new-mens-site-park-bond-looks-duditor-approved-2/#comments</comments>
		<pubDate>Tue, 09 Aug 2011 13:26:54 -0400</pubDate>
					<link>http://betabeat.com/2011/08/gilt-groupes-new-mens-site-park-bond-looks-duditor-approved-2/</link>
			<dc:creator>Nitasha Tiku</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=14027</guid>
		<description><![CDATA[<p><div id="attachment_14030" class="wp-caption alignleft" style="width: 287px"><img class="size-medium wp-image-14030 " title="parkandb" src="http://nyobetabeat.files.wordpress.com/2011/08/parkandb.jpg?w=277&h=300" alt="" width="277" height="300" /><p class="wp-caption-text">4 Times Square-ready.</p></div></p>
<p>Gilt Groupe founder &amp; CEO Kevin Ryan sent out an email this morning announcing the launch of its new men's fashion site, Park &amp; Bond. Between the luxe offerings ($210 for an embossed Alexander McQueen passport holder, anyone?) the editorial layout and service-y content, the beta site comes across like an e-commerce version of <em>GQ</em> as filtered through the <em>Lucky</em> lens .</p>
<p>That shouldn't surprise anyone who read Betabeat's interview with Park &amp; Bond president John Auerbach back in June, in which he explained...err...rather gracefully tried to side-step, the symbiotic relationship between the esteemed editors of Gentleman's Quarterly and Gilt.  In Betabeat's eyes the mutual benefits are clear,  Gilt gets some press (literally, P&amp;B will have a page in GQ) and a marquee name to distinguish P&amp;B from the seeming endless parade of new fashion verticals. And GQ, after years of being stymied by Conde's  web phobia, gets a new revenue stream.<!--more--></p>
<p>After all, in our <a href="http://www.observer.com/2011/07/scott-dadich-ipad-conde-nast/">article about iPad wunderkind Scott Dadich</a>, a former Conde print editor said, "The biggest shame was that <em>Vogue</em> wasn’t Net-a-porter. That was the missed opportunity of the century.”</p>
<p>As <em>Forbes'</em> <a href="http://blogs.forbes.com/lydiadishman/2011/08/09/gilt-groupe-targets-guys-for-new-luxury-retail-site-park-bond/">explains</a>:</p>
<blockquote><p>"To give context to the whole enterprise, Gilt is building on what it  started with Gilt MAN’s “Manual” and provide editorial content as well  as host a GQ online store that will feature a selection of products  handpicked from the pages of the magazine by the editors.  The picks  will be designated in the print magazine as well as compiled on GQ.com,  so readers can go directly to the GQ online store on P&amp;B to purchase  instantly."</p></blockquote>
<p>Wondering what they're saying about this in the <a href="http://twitter.com/#!/CondeElevator">Conde Elevator</a> . . .</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_14030" class="wp-caption alignleft" style="width: 287px"><img class="size-medium wp-image-14030 " title="parkandb" src="http://nyobetabeat.files.wordpress.com/2011/08/parkandb.jpg?w=277&h=300" alt="" width="277" height="300" /><p class="wp-caption-text">4 Times Square-ready.</p></div></p>
<p>Gilt Groupe founder &amp; CEO Kevin Ryan sent out an email this morning announcing the launch of its new men's fashion site, Park &amp; Bond. Between the luxe offerings ($210 for an embossed Alexander McQueen passport holder, anyone?) the editorial layout and service-y content, the beta site comes across like an e-commerce version of <em>GQ</em> as filtered through the <em>Lucky</em> lens .</p>
<p>That shouldn't surprise anyone who read Betabeat's interview with Park &amp; Bond president John Auerbach back in June, in which he explained...err...rather gracefully tried to side-step, the symbiotic relationship between the esteemed editors of Gentleman's Quarterly and Gilt.  In Betabeat's eyes the mutual benefits are clear,  Gilt gets some press (literally, P&amp;B will have a page in GQ) and a marquee name to distinguish P&amp;B from the seeming endless parade of new fashion verticals. And GQ, after years of being stymied by Conde's  web phobia, gets a new revenue stream.<!--more--></p>
<p>After all, in our <a href="http://www.observer.com/2011/07/scott-dadich-ipad-conde-nast/">article about iPad wunderkind Scott Dadich</a>, a former Conde print editor said, "The biggest shame was that <em>Vogue</em> wasn’t Net-a-porter. That was the missed opportunity of the century.”</p>
<p>As <em>Forbes'</em> <a href="http://blogs.forbes.com/lydiadishman/2011/08/09/gilt-groupe-targets-guys-for-new-luxury-retail-site-park-bond/">explains</a>:</p>
<blockquote><p>"To give context to the whole enterprise, Gilt is building on what it  started with Gilt MAN’s “Manual” and provide editorial content as well  as host a GQ online store that will feature a selection of products  handpicked from the pages of the magazine by the editors.  The picks  will be designated in the print magazine as well as compiled on GQ.com,  so readers can go directly to the GQ online store on P&amp;B to purchase  instantly."</p></blockquote>
<p>Wondering what they're saying about this in the <a href="http://twitter.com/#!/CondeElevator">Conde Elevator</a> . . .</p>
]]></content:encoded>
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		<title>Gilt Groupe&#8217;s New Men&#8217;s Site Get&#8217;s Cozy With GQ, Like All Up In There</title>

		<comments>http://betabeat.com/2011/06/gilt-groupes-park-and-bon/#comments</comments>
		<pubDate>Thu, 16 Jun 2011 18:35:13 -0400</pubDate>
					<link>http://betabeat.com/2011/06/gilt-groupes-park-and-bon/</link>
			<dc:creator>Nitasha Tiku</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=9932</guid>
		<description><![CDATA[<p><div id="attachment_9937" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-9937" title="parkandbond" src="http://nyobetabeat.files.wordpress.com/2011/06/parkandbond.jpg?w=300&h=218" alt="" width="300" height="218" /><p class="wp-caption-text">The dashing Mr. John Auerbach </p></div></p>
<p>Gilt Groupe just announced that its new men's site, Park &amp; Bond‒ a name that practically drips with the silver-spooned sound of privilege‒ will be partnering with Conde Nast's <em>GQ</em> magazine on an e-commerce strategy. Not only will Park &amp; Bond host an online store that features products "handpicked from the pages of the magazine by the editors of <em>GQ</em>." But starting with the September issue, <em>GQ</em> is also promoting the venture in its pages and on GQ.com to drive readers to Park &amp; Bond. Betabeat talked to Park &amp; Bond president John Auerbach (Gilt employee no. 5), on the phone from the Pitti Immagine Uomo show in Italy, about the partnership‒and the genesis of that name.</p>
<p><!--more--></p>
<p>Between Hearst's new <a href="http://www.betabeat.com/2011/06/13/now-that-hearst-has-partnered-with-buddy-media-youre-going-to-have-to-learn-what-a-sapplet-is/">deal with Buddy Media</a>, not to mention Gilt Taste hooking-up with former <em>Gourmet</em> editor-in-chief<a href="http://www.betabeat.com/2011/05/19/gilt-groupe-begins-selling-overpriced-food-with-help-from-ruth-reichl/"> Ruth Reichl</a>, does this mean we'll see lack of advertising revenue in the glossies forcing old media to dunk their head in e-commerce waters? "I wouldn’t say advertising isn’t working out," said Mr. Auerbach. "I’d just say this is a new business opportunity that <em>GQ</em> is testing out and I’m sure other magazines will at some point as well."</p>
<p>What about the possibility that <em>Esquire</em>,  <em>Details</em>, or even <em>Vice</em> will follow suit? "At this point, it’s an exclusive partnership. That’s not to say that in the future, we wouldn’t bring on other partners in other areas of the business," Mr. Auerbach said, adding that the deal has been in the works for months. So will we see other Gilt properties knocking on doors at Conde and Hearst to get some sheen off old-media brands? "It’s certainly a potential. We’re all under the Gilt Groupe umbrella, but businesses are run separately and the needs of the particular business will dictate what partnerships are entered into."</p>
<p>Mr. Auerbach would not disclose any specifics about the partnership, including how the Park &amp; Bond promotion will be featured in the magazine, or the financial structure, like whether <em>GQ</em> gets a percentage of profits. However,when asked, he did emphasize that the lines between advertising and editorial were a concern for the magazine. "Absolutely, they want to maintain their editorial integrity in their pages and that is the number one goal on their end, and that will not change. That’s a given for <em>GQ</em>."</p>
<p>There was one aspect of the site, which launches in late summer, that Mr. Auerbach <em>was </em>willing to talk about: how they came up with the name. "It was a very long process that involved a lot of suggestions from a lot of different inside and outside resources. It was one of those things that when we heard it we knew it was the right one. In our mind it's kind of Park  Avenue, Bond Street—uptown, downtown—kind of the intersection of the two different styles in one place."</p>
<p>But doesn't it also sound like some posh London hotel, Betabeat asked? "That’s the beauty," said Mr. Auerbach. "It has international appeal in a lot of ways."</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_9937" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-9937" title="parkandbond" src="http://nyobetabeat.files.wordpress.com/2011/06/parkandbond.jpg?w=300&h=218" alt="" width="300" height="218" /><p class="wp-caption-text">The dashing Mr. John Auerbach </p></div></p>
<p>Gilt Groupe just announced that its new men's site, Park &amp; Bond‒ a name that practically drips with the silver-spooned sound of privilege‒ will be partnering with Conde Nast's <em>GQ</em> magazine on an e-commerce strategy. Not only will Park &amp; Bond host an online store that features products "handpicked from the pages of the magazine by the editors of <em>GQ</em>." But starting with the September issue, <em>GQ</em> is also promoting the venture in its pages and on GQ.com to drive readers to Park &amp; Bond. Betabeat talked to Park &amp; Bond president John Auerbach (Gilt employee no. 5), on the phone from the Pitti Immagine Uomo show in Italy, about the partnership‒and the genesis of that name.</p>
<p><!--more--></p>
<p>Between Hearst's new <a href="http://www.betabeat.com/2011/06/13/now-that-hearst-has-partnered-with-buddy-media-youre-going-to-have-to-learn-what-a-sapplet-is/">deal with Buddy Media</a>, not to mention Gilt Taste hooking-up with former <em>Gourmet</em> editor-in-chief<a href="http://www.betabeat.com/2011/05/19/gilt-groupe-begins-selling-overpriced-food-with-help-from-ruth-reichl/"> Ruth Reichl</a>, does this mean we'll see lack of advertising revenue in the glossies forcing old media to dunk their head in e-commerce waters? "I wouldn’t say advertising isn’t working out," said Mr. Auerbach. "I’d just say this is a new business opportunity that <em>GQ</em> is testing out and I’m sure other magazines will at some point as well."</p>
<p>What about the possibility that <em>Esquire</em>,  <em>Details</em>, or even <em>Vice</em> will follow suit? "At this point, it’s an exclusive partnership. That’s not to say that in the future, we wouldn’t bring on other partners in other areas of the business," Mr. Auerbach said, adding that the deal has been in the works for months. So will we see other Gilt properties knocking on doors at Conde and Hearst to get some sheen off old-media brands? "It’s certainly a potential. We’re all under the Gilt Groupe umbrella, but businesses are run separately and the needs of the particular business will dictate what partnerships are entered into."</p>
<p>Mr. Auerbach would not disclose any specifics about the partnership, including how the Park &amp; Bond promotion will be featured in the magazine, or the financial structure, like whether <em>GQ</em> gets a percentage of profits. However,when asked, he did emphasize that the lines between advertising and editorial were a concern for the magazine. "Absolutely, they want to maintain their editorial integrity in their pages and that is the number one goal on their end, and that will not change. That’s a given for <em>GQ</em>."</p>
<p>There was one aspect of the site, which launches in late summer, that Mr. Auerbach <em>was </em>willing to talk about: how they came up with the name. "It was a very long process that involved a lot of suggestions from a lot of different inside and outside resources. It was one of those things that when we heard it we knew it was the right one. In our mind it's kind of Park  Avenue, Bond Street—uptown, downtown—kind of the intersection of the two different styles in one place."</p>
<p>But doesn't it also sound like some posh London hotel, Betabeat asked? "That’s the beauty," said Mr. Auerbach. "It has international appeal in a lot of ways."</p>
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