Richemont have confirmed the NET-A-PORTER purchase this morning. Not kidding around here. As they point out, The offer values the equity of NET-A-PORTER at GBP 350 million. Richemont currently holds some 33 per cent of the issued share capital of NET-A-PORTER Limited.
Who are NET-A-PORTER? Well the release continues: NET-A-PORTER Limited owns NET-A-PORTER.COM, the premier online luxury fashion retailer. Established in 2000, it features collections from over 300 of the world's leading designers and offers unrivalled customer service; it ships to over 170 countries worldwide and recently celebrated its millionth order. NET-A-PORTER Limited`s unaudited turnover for the financial year ended 31 January 2010 was approximately GBP 120 million; it employs some 600 staff at its principal operations centres in London and New York.
Moving into the online space with a luxury goods offering where you can get your Jimmy Choo's, Calvin Klein's, DKNY's, well just about anything, check out the designers page. Excellent. But isn't the buying at one of the stores part of the experience?