Susan Lyne urges Martha Stewart to go private - The Deal Pipeline (SAMPLE CONTENT: NEED AN ID?)
Subscriber Content Preview | Request a free trialSearch  
  Go

Video

Share  |  Reprint

Susan Lyne urges Martha Stewart to go private

Published May 17, 2011 at 5:00 AM

"Come over, being private is great," enthuses Susan Lyne, chairman of Gilt Groupe Inc., when asked to give advice to media maverick Martha Stewart about taking Martha Stewart Living Omnimedia Inc. private. "I am a fan of private companies," says Lyne, who served as CEO of MSLO and is widely credited with rescuing the company while Stewart was in jail for insider trading. "Gilt is a private company, and you have a lot more flexibility and freedom to really act on what you think is right long term for the company than you do when you're in the public markets." Interestingly, fast-growing Gilt is considered a candidate for an initial public offering. It's a move Lyne says the flash-sale startup won't make in the next 18 months but is likely "down the road." But she isn't ruling out an acquisition either. "Anything can happen," says Lyne in this video interview with Katie Roof for The Deal magazine. For more on MSLO, see "Martha redo." - Mary Kathleen Flynn

Share:

Meet the journalists



Movers & Shakers

Launch Movers and shakers slideshow

Oracle Corp. CEO Larry Ellison becomes executive chairman and chief technology officer. For other updates launch today's Movers & shakers slideshow.

Video

$130B is no problem for too-big-to-fail financial insitutions

While the Federal Reserve and other regulators have imposed more than $130 billion in fines against these too-big-to-fail institutions, industry observers see the punishment to be a short term blip, despite the gravity of the offenses and outcry from consumers. More video

Sectors