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Lot18 Sours on Flash Sales, Lays Off 25 as It Shifts to Wine Subscriptions

January 08, 2013

Online wine seller Lot18 is shrinking and refocusing its business in an effort to become profitable. This morning, the New York-based company handed out pink slips to about 25 employees, or about 35 percent of its staff, according to a source familiar with the matter.