Gilt Groupe, Inc. Names Jason Binn as Chief Advisor to the Chairman

Aug 31, 2010, 12:06 ET from Gilt Groupe, Inc.

NEW YORK, Aug. 31 /PRNewswire/ -- Gilt Groupe, Inc., the leader in online luxury retail, announces the appointment of Jason Binn, CEO and Founder of Niche Media, as the company's Chief Advisor to Chairman Kevin Ryan, effective immediately. In this position, Jason will be consulting across each of Gilt's business lines: women's apparel and accessories; men's lifestyle; children; home; travel (Jetsetter); and local services and experiences (Gilt City). In this capacity he will be lending support to the company's continued efforts to nurture and develop relationships with the world's most prestigious brands.

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Binn started his publishing career as co-founder of Ocean Drive magazine in 1993.  He then founded Niche Media Holdings in 1998, building what BusinessWeek has called "a fast-growing empire" of upscale glossies that has cornered the regional publishing market with the country's preeminent local luxury magazines. In 2006 Niche Media joined the Greenspun Media Group (GMG) to become one of the largest networks of exclusive city-specific and custom publishing companies in the country. Currently Binn serves full time as CEO and Founder of Niche Media, which, much like Gilt Groupe, engages a number of categories under one umbrella.

"I have been watching closely as Gilt Groupe has evolved from its entry position of offering luxury women's apparel to cross-category lifestyle brands. The company is driving a new revolution of e-commerce and I am thrilled to participate in shaping the next phase of Gilt's future," said Binn.

Known for being an innovator and an entrepreneur, Binn is recognized for creating a new category within the publishing industry by hosting more than 200 events annually, creating an intimate connection between his magazines and the readers, and communities they serve. A leader in the world of media, entertainment and luxury, Binn brings extensive knowledge and priceless brand-building experience to the team at Gilt.

"Jason's experience and authority in the luxury market, together with his deep relationships across various industries, will allow us to further expand upon Gilt's roster of over 1,000 brand partners," said Ryan. "As we continue to launch new categories, Jason will play in an important role in helping us form strategic partnerships and collaborations."

About Gilt Groupe, Inc.

Launched in November 2007, Gilt Groupe has rapidly established itself as one of the leading online fashion and travel retailers in the U.S. Gilt curates a broad range of daily sales for its exclusive, invitation-only membership. Each sale lasts just 36 hours and features many of the world's most sought-after designers. Gilt Groupe is headquartered in New York City. To find out more, please visit us at www.gilt.com.

SOURCE Gilt Groupe, Inc.



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