Ashford's Guild.com Will Become Independent Company
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.