It’s official: Richemont will move from owning 29 percent of internet designer clothing retailer Net-a-Porter to 67 percent, according to Reuters.
An article in the Financial Times also caught our eye, particularly this comment: "Net-a-Porter’s management team are hoping to be able to tap into Richemont’s expertise in the Asia-Pacific region, while Johann Rupert, Richemont’s executive chairman, is hoping to be able to use Net-a-Porter’s skill in selling luxury online to help Richemont develop its own internet strategy."
Johann Rupert, also said in a statement: “Natalie Massenet has created a superb, customer-oriented business at Net-a-Porter in a relatively short period of time. We welcome her and her team to Richemont and look forward to working with them in the future to ensure Net-a-Porter’s continuing success.”
This seems to be a clever move for Richemont; buying into a successful high end online retailer will enhance their own online offer...
Image courtesy of the Times online. It shows Natalie Massenet.