Skip to main content
  1. Life
  2. Style & Fashion
  3. Fashion Trends

Groupon purchases Ideeli for $43 million

See also

Groupon made a deal with flash sales fashion retailer Ideeli. USA Today reported on Jan. 13 that the deals site acquired the fashion retailer to expand in the apparel area.

It's been said that the coupon company paid $43 million for the deal, which closed on Monday. Ideeli is not gone yet, though. It will keep its headquarters in New York and will operate as a separate site. Fashion fans won't have to worry about the fashion site disappearing any time soon.

Ideeli made its mark in 2007. It was one of the first fashion flash sale companies that sold designer clothing in fast, daily online sales. The company sells women's clothing, men's clothing and accessories, as well as home decorations.

Groupon CEO Eric Lefkosky said in a statement, "Our customers have demonstrated appetite for these offers."

Ideeli is not a profitable company. In fact, they lost $30 million on $115 million in gross revenue for the past year ending in Feb. 2, 2013, according to an Edgar filing. Maybe this deal with Groupon will be a good thing for the company.

Advertisement

Life

  • Transgender cop
    A transgender police officer is stepping down from her position to run for office
    Video
    Political Office
  • Easter eggs
    Craft delicate, hand-painted eggs with flowers and other designs celebrating spring
    Camera
    Easter Eggs
  • Subway message
    Subway customer finds 'Big Mama' written on her order
    Video
    Subway Message
  • Working from home
    Working from home can be an exciting venture. Get tips to ensure productivity
    Camera
    Get Tips
  • Limes
    Rising cost of limes could be putting the squeeze on your favorite restaurant
    Expensive Limes
  • Pope Francis
    Religion: Pope Francis instructs how to fight against Satan
    Morning Mass

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about Examiner.com and apply today!