Net-a-Porter founder in line for €64m payday from Yoox merger

Deal brings together fashion credentials of Natalie Massenet and financial savvy of Federico Marchetti to create ‘world’s biggest’ online luxury fashion store

A former Tatler journalist, who launched an online clothing retailer selling designer clothes from her Chelsea flat, is in line for a €64m (£46m) payday after her Net-a-Porter business was snapped up by an Italian discounter.

Yoox Group, an internet store which sells out-of-season and end-of-line luxury fashion at knock down prices, has agreed to a €3.2bn merger with Net-a-Porter which sells high-end brands ranging from Alexander McQueen to J Crew.

Related: Net-a-Porter merger with Yoox: marriage of very different high-end fashion sellers

Today, we open the doors to the world’s biggest luxury fashion store

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via Business Feeds

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