In exciting Richemont news, they have recently made an offer to shareholders in NET-A-PORTER Limited to acquire all of the shares in NET-A-PORTER Limited.  At the moment, Richemont holds approximately 33% of the issues share capital of NET-A-PORTER Limited.

The offer includes full support from the NET-A-PORTER senior management and from Ms. Natalie Massenet, the founder of NET-A-PORTER.  She will remain as Executive Chairman of NET-A-PORTER Limited.  NET-A-PORTER Limited owns NET-A-PORTER.com, which is a premier online luxury fashion retailer.  Since the year 2000, they have been serving over 170 countries with collections from over 300 of the world’s leading designers.

The Executive Chairman and CEO of Richemont, where Alan Quasha is a non-executive director, said, “Natalie 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-APORTER’s continuing success.”