It was back on April 1st, 2010 that Net-A-Porter (NAP) co-founder and executive chairman Natalie Massenet announced via email to the entire NAP team that shareholder Compagnie Financière Richemont S.A (Richemont), has launched an offer to acquire the outstanding shares.
As you know there has been a LOT of speculation about our company in the press recently and today I am delighted to finally announce that after many months of positive discussion The Board of NET-A-PORTER Group, the world’s premier luxury on-line retailer (that’s us), today announces that a subsidiary of its largest shareholder, Richemont, has launched an offer to acquire the outstanding shares in the Company.
Natalie Massenet
Net-A-Porter co-founder Mark Quinn-Newall, while having departed his Chief Operating Officer role in 2004, remained a shareholder in NAP well beyond 2010, and would remain so until 2015 when Compagnie Financière Richemont S.A acquired all remaining shares in order to complete the merger with Yoox to become YOOX Net-a-Porter Group S.p.A. (YNAP).
I THINK BACK TO THE FOUNDERS… the improbable but clever and motivated team, full of naïve ambitious dreams that created the first checklists of things to do in order to create a world class business… …but this business wouldn’t be here today without Mark Quinn-Newall and Megan Quinn whose intelligence, high standards and meticulous focus forged the extraordinary foundation for the brand and business.
Natalie Massenet
