Richemont, a Swiss luxury goods marketer, plans to acquire online luxury fashion retailer Net-a-Porter for 350 million pounds ($394 million).
Under the arrangement, Natalie Massenet, founder of Net-a-Porter, will remain as executive chairman.
Net-a-Porter will operate as an independent entity alongside Richemont’s other luxury goods businesses, which include Cartier, Montblanc and Chloe.
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