Fashion website founder could net £50m windfall

Fashion website founder could net £50m windfall

New York City : NY : USA | Apr 01, 2010 at 12:29 AM PDT
Source: The Independent
Views: Pending
The founder of the Net-a-Porter website looks set to reap an estimated £50 million windfall today after agreeing to sell her stake in the business to the owner of the Cartier and Montblanc brands. Natalie Massenet, a former fashion journalist who set up the e-tailer in June 2000, will remain as executive... FULL ARTICLE AT The Independent
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News Stories

  • Richemont to Buy Net-a-Porter

      Asian Wall Street Journal
    Swiss luxury goods maker Compagnie Financière Richemont SA on Thursday announced a deal to buy U.K.-based online luxury retailer Net-a-Porter Ltd., a transaction that signals the increasing importance high-end consumer goods companies are assigning...
  • Harriet Walker: The innovator and the nostalgic

      The Independent
    There could hardly be two more divergent success stories in British retail: Natalie Massenet, the innovator, and Cath Kidston, the nostalgic, have both sold stakes in their companies to eager investors aware of the unique strengths behind each brand.
  • Two women, two fashion businesses, one £450m British success story

      The independent
    Ms Massenet, an Anglo-American former journalist with Vanity Fair magazine who had initially considered setting up a chain of coffee shops before plumping for the world of designer womenswear, was estimated to have made £50m from the sale of her...
  • Natalie Massenet’s charmed life is £50m rosier with Net-a-Porter sale

      Times Online
    A decade after she set up Net-a-Porter, her designer shopping website, and three years after she made it on to Vogue’s list of most glamorous women, she had already become a big enough player in the fashion world to have earned herself a front-row...
  • Luxury giant to buy former fashion editor's web venture (AFP)

      Turks and Caicos Free Press
    Global luxury giant Richemont said on Thursday it was buying up a pioneering 10-year-old web-based women's fashion retailer, Net-a-Porter, founded by a former editor and valued at 350 million pounds. The Swiss group already owns one third of the...
  • Net-a-Forter founder sells stake for £50m

      Times Online
    From Times Online April 1, 2010 Net-a-Porter founder sells stake for £50m Gary Parkinson The former fashion journalist who founded the Net-a-Porter website a decade ago is poised to pocket an estimated £50 million after agreeing to sell her stake...

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