Richemont acquires Net-a-Porter
Richemont took control of Net-a-Porter, founded by a fashion journalist who believed people would buy luxury clothing online when almost every brand doubted it. Richemont later wrote down its value substantially and agreed to sell a majority to a rival. The price was not disclosed.
- Value
- Undisclosed
- Buyer
- Richemont
- Seller
- —
- Regulatory
- None recorded