DailyDealMedia.com: “Kevin Ryan (CEO of Gilt) commented on and addressed many concerns with The Financial Times. Ryan insists the economy impacts Gilt “less than you’d think … a recession is slightly more helpful for me.” Ryan expects Gilt’s annualized turnover will be close to $1 billion after posting gross sales of $500 million in its financial year to June. “In the fourth quarter next year, which is the best quarter, we’ll be getting close to that run rate,” he said. Although some of its businesses are profitable, the company – which has almost 1,000 employees – does not comment on overall profitability.” Link
