Former fashion journalist Natalie Massenet is set for a £50m windfall, according to reports in the national press.
The reports suggest that luxury goods group Richemont, which already owns a 29% stake in Net-a-Porter, plans to buy out the other shareholders at a valuation of up to £350m. Massenet, who owns 18% of the upmarket fashion etailer, would stand to make £50m if the sale was to go ahead at that valuation.
The deal would provide Richemont with access to Net-a-Porter’s two million monthly visitors for its other luxury brands such as Cartier, the Sunday Times suggests.
