LONDON Feb 28 Natalie Massenet, founder of
online fashion retailer Net-A-Porter, has joined the rival
Farfetch Group as non-executive co-chair, Farfetch said in a
statement on Tuesday.
Massenet, who founded Net-A-Porter in 2000, resigned as
executive chairman of the company in September 2015 ahead of the
completion of its merger with Italian group Yoox to form Yoox
Analysts said at the time the resignation of Massenet, a
highly regarded figure in the fashion world and chairman of the
British Fashion Council, was a blow for the new group.
Massenet will work alongside London-based Farfetch's chief
executive, founder and executive co-chairman Jose Neves.
"She will have a particular focus on growing the global
brand and strengthening its partnerships with the fashion
industry," the statement said.
Launched in 2008, Farfetch generated $800 million in gross
sales in 2016. It partners directly with 750 designers and
boutiques in 40 countries and sells to more than 1 million
customers in 190 countries.
(Reporting by Dominique Vidalon; Editing by Greg Mahlich)