Net-A-Porter: Up For Sale?
Posted Friday October 11, 2013 8:13 AM GMT
Given the fast-paced nature of the fashion industry, it seems companies are bought and sold in the blink of an eye.
And according to WWD, there are rampant rumors that Net-A-Porter is on the lookout for potential buyers just three years after Richemont acquired it from Natalie Massenet.
One such purchaser was said to be Yoox, though they outright denied that there was a deal currently in the works.
Furthermore, Compagnie Financiere Richemont addressed the notion directly, telling WWD, “Richemont has a long-standing policy of not commenting on market rumors. Exceptionally in this case, Richemont wishes to make it clear that the Net-a-porter Group is not for sale.”