The Business of Fashion website today broke the story of why Natalie Massenet suddenly stepped down from Net-a-Porter, leaving the world in shock on September 2, 2015.
Natalie Massenet is the Queen of fashion e-commerce, literally giving birth to it over 15 years ago from her small apartment in London. It is her vision and business acumen that makes Net-a-Porter and more importantly fashion e-commerce as a whole, what it is today. In March 2015 and inconsolable Natalie found herself in tears on the sidewalk of her company. Having been told that the majority stake holder, Compagnie Financière Richemont had sold her company off for almost half of its market value, behind her back.
Things only got worse from there, with Yoox making it very clear that there was only one boss at Yoox-Net-a-Porter and that was Yoox. After her 50th birthday celebration with family and friends, Natalie stepped down from her role as CEO of Net-a-Porter, leaving behind her 1.8 Billion-British-Pounds-worth company to Yoox… To read the full story, click here.