Online luxury and high-end fashion retailer Net-a-Porter reportedly made $122 million in sales last year, so it doesn’t come as a surprise that the monster luxury goods conglomerates a la LVMH have been blinking with dollar signs for retinas at the thought of getting a piece of the incredibly successful web brand that has delivered (via UPS) Lanvin and Miu Miu to the masses.
On Monday it was announced that Richemont – the luxury goods firm that looks after brands like Chloe, Alaia and Cartier – is acquiring Net-a-Porter, with Natalie Massenet set to sell her share of the company for 50 million pounds ($A83 million) – a shiteload of cash and an indication of the enormous success of Massenet’s brainchild. Within the online market there really isn’t any other company that comes close to competing to the brand strength and recognition of Net-a-Porter.
Plus, there’s no where else you’re like to find this:
A coat made of bunnies!
Anti-PETA products notwithstanding, the site has revolutionised access to high-end clothing and luxury brands – and the lady who made it happen is a multi-freaking-millionaire as a result.
Massenet kicked it off 10 years ago with a loan of several hundred-thousand dollars and it has since grown to be worth $500 million, with a reported two million visitors a month. Clever lady.
Drop in now for a nice new pair of shoes: Net-a-Porter
Via Reuters
