New York-based startup Lot18 is bringing its online wine business to Europe, acquiring Paris-based Vinobest for an undisclosed sum. The two-year-old company, often referred to as a sort of epicurean Gilt Groupe because it sells wine and gourmet food via online flash sales, now looks to tap into Europe’s $100 billion market. “Europe is the world’s biggest wine market,” says Philip James …
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Lot18 Expands Wine Flash-Sale Dominance To Europe, Acquires Paris-based Vinobest