• Culture
    Culture
    Filipino actors Bridgerton

    Get to know the Filipino actors in ‘Bridgerton’

    pura luka vega chappell roan church

    Matched her freak! Pura Luka Vega performs Chappell Roan’s ‘Good Luck, Babe!’ at ‘Church’

    AI and deepfake porn is a form of sexual assault—and we need to talk about it

    AI and deepfake porn is a form of sexual assault—and we need to talk about it

    • Women
    • Queer
    • Politics
    • Environment
    • Food
  • Style
    Style
    Pond's serums

    These night serums are your new solutions for radiant, glowing skin

    5 original Filipino fragrance brands to check out

    5 original Filipino fragrance brands to check out

    Here’s where you can get unique, one-off accessories—designed by you

    • Fashion
    • Beauty
    • Space
    • Shopping
  • Entertainment
    Entertainment
    Filipino actors Bridgerton

    Get to know the Filipino actors in ‘Bridgerton’

    pura luka vega chappell roan church

    Matched her freak! Pura Luka Vega performs Chappell Roan’s ‘Good Luck, Babe!’ at ‘Church’

    charlie’s angels totally spies!

    Our favorite onscreen spies, from Austin Powers to ‘Totally Spies!’

    • Celebrities
    • TV & Movies
    • Music
  • Life+Money
    Life+Money
    Single woman adopts baby

    Forming a family: When a single woman adopts a baby

    painting of baby

    A mother-to-be’s survival guide

    Navigating a friend breakup that has no bad blood

    It’s no one’s fault: When a friendship naturally runs its course

    • Career & Money
    • Parenting & Relationships
    • Sex & Health
    • Astrology
    • Travel
  • Inquirer.net
  • Lifestyle
Reading
Natalie Massenet Speaks Out on Her Surprise Resignation from Net-a-Porter
ShareTweet
In FashionFashion NewsPreen
2 min read

Natalie Massenet Speaks Out on Her Surprise Resignation from Net-a-Porter

By Cai Subijanoon September 4, 2015
Share

natalie massenet netaporter preen

Business of Fashion was one of the first news engines to break the news of Net-a-Porter founder and former chairwoman Natalie Massenet’s seemingly sudden decision to resign from the company right before a merger with their Italian rival Yoox.

The news quickly spread like wildfire on social media and over various online news engines, each offering their own take on the reasons for her departure, specifically with her disagreement over the merger. To clear the air, Natalie released a statement through Net-a-Porter to shed some light on the situation:

 “After 15 extraordinary and exceptional years at THE NET-A-PORTER GROUP, the completion of the merger with Yoox Group is the right time for me to move on to explore new ideas and opportunities. 

 “I am immensely proud of the achievements of everyone who has helped build the world’s greatest game changing luxury fashion company, and I thank them all for helping me realise and surpass our dreams. I also want to thank our millions of customers around the world for continuing to be our greatest champions and inspiration, and the brands and designers who embarked with me on this digital journey over a decade ago and who made THE NET-A-PORTER GROUP possible.

 “The business I started in 2000 could not be in better shape today. Having joined forces with Yoox Group, the company will be bigger, stronger and superbly well positioned under Federico’s leadership to lead the industry and create the future of fashion. As a continuing loyal customer I will be excited to see the next chapters for this amazing business.

 “As for my own future, my entrepreneurial drive is as strong today as it always has been, and my passion for innovation will continue to be my greatest guide in business. The incredible experiences and memories of the past decade and a half and the people I have had the honour to work alongside will always be an inspiration to me.”

While her statement doesn’t reveal much about her plans after her resignation, what we do know is that she has a yearlong non-compete agreement with Richemont, so don’t expect her back in the online retail game so soon.

On the other hand, investors have moved on quickly since her announcement with reported shares of the company rising. “The market reacted positively to the news of Massenet’s departure. At 2.30 p.m. on the Milan Bourse, where Yoox is traded, shares were up 5.16 percent to 27.90 euros, or $31.42 at current exchange rates, after being suspended earlier Thursday morning following an excessive rise,” WWD reports.

“The fact that the operative control of the new group after the merger would remain mainly in the hands of Yoox and its CEO [Federico] Marchetti was an evident factor,” Intermonte analysts observed on Thursday.

As for Federico, he only had this to say regarding her departure: “As a fellow entrepreneur, I have to say ‘hats off’ to Natalie Massenet. I’d like to take this occasion to congratulate her for having created such a wonderful company with an exceptionally talented team of professionals. I am very excited to help write the next chapter in the future of Yoox Net-a-Porter Group and I wish Natalie all the best.”

[Observer]

 

Photo courtesy of Bloomberg

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0

Action Required!

We embed Facebook Comments plugin to allow you to leave comment at our website using your Facebook account. It may collects your IP address, your web browser User Agent, store and retrieve cookies on your browser, embed additional tracking, and monitor your interaction with the commenting interface, including correlating your Facebook account with whatever action you take within the interface (such as “liking” someone’s comment, replying to other comments), if you are logged into Facebook. For more information about how this data may be used, please see Facebook’s data privacy policy: https://www.facebook.com/about/privacy/update.

Accept    Decline

Tags
Net a Porter

Subscribe to our newsletter

Stay in the loop


By subscribing, you agree to our Terms of Use and Privacy Policy.

ShareTweetEmailShare
Cai Subijano

Peek This

cinemapua

CineMapua 2025 shines spotlight on next generation Filipino filmmakers

OMNIBUS 2025: A Festival For All

OMNIBUS 2025: A festival for all

Pond's serums

These night serums are your new solutions for radiant, glowing skin

Filipino actors Bridgerton

Get to know the Filipino actors in ‘Bridgerton’

Preen.ph © 2020. Hinge Inquirer Publications, Inc.
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • HOME
  • ARCHIVES
  • ABOUT US
  • CONTACT US
  • ADVERTISE WITH US
Previous
Rihanna Officially Launches Her 7th Fragrance
Next
How Novelist Marivi Soliven Writes
  • Culture
    • Women
    • Queer
    • Politics
    • Environment
    • Food
  • Style
    • Fashion
    • Beauty
    • Space
    • Shopping
  • Entertainment
    • Celebrities
    • TV & Movies
    • Music
  • Life+Money
    • Career & Money
    • Parenting & Relationships
    • Sex & Health
    • Astrology
    • Travel
  • Inquirer.net
  • Lifestyle
  • Subscribe
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • Search
Start typing to see results or hit ESC to close
fashion fashion news music Culture News movies
See all results

Subscribe to our newsletter

Stay in the loop


By subscribing, you agree to our Terms of Use and Privacy Policy.