Sale of Net-a-Porter
by Elite | 6 Apr 2010
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Sale of Net-a-Porter
The £350m sale of Net-a-Porter to Richemont, the Swiss luxury goods group, has created about a dozen millionaires.The deal netted £50m for Natalie Massenet, founder of the luxury online boutique, who had an 18% stake. Colleagues and founding partners have also shared in the profits.Among those who will pocket millions are Mark Sebba, the chief executive, Murray Salmon, former finance director, and David Lindsay, former head of technology.
Source: www.theretailbulletin.com
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