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This seems like a talent acquisition play. There was probably a lot of work that went into find a soft place for the whole team to land; so, kudos to the leaders / investors / whomever helped make this happen.

It's not a big exit, but if you are a luxe employee, it's the best of the worst outcomes.

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> It's not a big exit, but if you are a luxe employee, it's the best of the worst outcomes.

This data wasn't in the article. It is probably the more likely outcome, but we just don't know (yet).

i know this isn't definitive, but the article does include: "One source close to the deal tells us that the terms here were closely guarded, and that the assumption at this point is that it was ‘pennies on the dollar’ based on the last valuation."

Sounded like a fire sale.

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