Ashford's Guild.com Will Become Independent Company

Share this article:
Gifts e-tailer Ashford.com yesterday announced the spinoff of its art division, Guild.com, as an independent company effective July 31.


After the divestiture, the two companies will become strategic partners sharing revenue from Guild.com art sales on Ashford.com and partnering on a variety of marketing opportunities.


Ashford acquired Guild.com in January. Ashford will retain a minority equity interest in Guild.com, and Guild.com shareholders will continue to own Ashford stock.


Ashford.com, Houston, sells corporate and personal gifts. Guild.com sells home furnishings, fine art and jewelry.


This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions