Former Martha Stewart CEO Susan Lyne Has Brand New Bag

It’s a designer bag, and she got a hefty discount. Former Martha Stewart Living Omnimedia CEO Susan Lyne recently announced that she will become CEO of Gilt Groupe, by far the best in a growing breed of members-only online sample sale sites (other include ideeli, Editors’ Closet, Top Secret, and Rue La La). In January, Gilt Groupe entered a savvy partnership with the Council of Fashion Designers of America (CFDA), which led to the CFDA’s endorsement of the site’s ability to “distribute excess inventory and overstock in a discrete and efficient manner” and sales of CFDA member-designed merch from seasons past, with some of the proceeds benefiting the CFDA Foundation.