Romantic Van Cleef & Arpels magic pink necklace from fuadiskws's blog
Porter founder Natalie Massenet quits store she set up from London flat in 2000
The glamorous multi millionaire founder of luxury fashion website Net a Porter has walked out of her company after a clash with the new chief executive.
Natalie Massenet's online firm, which she founded from her London flat in 2000, is going through a 1billion mega merger with Italian fashion group Yoox, run by Federico Marchetti.
The 50 year old mother of two was set to be executive chairman of the merged company, on a level pegging with Mr Marchetti as chief executive.
But a clash of personalities and opinions is said to have led her to quitting. She has reportedly walked van cleef rose gold necklace fake away with around 100million after selling Net a Porter shares.
Miss Massenet's departure does not come as a surprise to those who know her. Fashion insiders said the clash between Mr Marchetti and Miss Massenet had been brewing for months. She is understood to have resigned after returning from holiday.
Earlier this year, Mr Marchetti gave an interview to the Financial Times in which he said the merger was not a marriage of equals, and boasted there would only be one boss of the new company, adding: 'And that's me.'
His management style is also understood to have differed greatly from Miss Massenet's. The FT reported Mr Marchetti admitted his staff did not like him. 'There is no love' he said. 'I think van cleef inspired clover necklace fake they feel inspired. But they don't need to love me.'
This is in stark contrast to Miss Massenet's cheerleader style of 'wholesome' management where she focuses on team spirit and working together.
And he acknowledged that he and his new boardroom rival were 'different', adding: 'But it's not bad. I don't need love. I need results.'
Since its creation, Net a Porter has become a global phenomenon, with sales reaching more than 500million as it tapped into women's desire to buy luxury goods online which are delivered straight to their door.
Miss Massenet, the California born daughter of a British Chanel model, set up the business with her then husband Arnaud while she van cleef gold clover necklace fake was pregnant with her first child.
It was just as the dot com crash hit in 2000 and sceptics warned women would refuse to buy expensive clothes without trying them on.
After struggling to get any funding, she eventually managed to raise just over 1million in start up capital from her Chelsea flat.
She had previously worked for US magazine Women's Wear Daily van cleef and arpels heart necklace fake and later became an assistant to fashion icon Isabella Blow at Tatler magazine.
In 2010, she sold a stake in Net a Porter to Swiss luxury goods group Richemont, which also owns Cartier and Van Cleef Arpels, netting around 50million.
Richemont agreed the deal to sell it to Yoox in March this year.
Miss Massenet is also the chairman of the British Fashion Council.
The deal with Yoox, which sells overstocked or unsold designer goods from previous seasons, creates a 1billion group and the world's largest online luxury goods retailer.
Net a Porter is famous for its plush black delivery boxes tied up with ribbon, with designer items lovingly wrapped in crisp tissue paper inside.
During the financial crisis women who were unable to give up their Net a Porter habit asked for their purchases to be delivered in plain wrapping, to hide their extravagance from colleagues.
A Net a Porter spokesman did not respond to questions.
Yoox confirmed Massenet's resignation and said she will not be a member of its board once the merger is completed.
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The glamorous multi millionaire founder of luxury fashion website Net a Porter has walked out of her company after a clash with the new chief executive.
Natalie Massenet's online firm, which she founded from her London flat in 2000, is going through a 1billion mega merger with Italian fashion group Yoox, run by Federico Marchetti.
The 50 year old mother of two was set to be executive chairman of the merged company, on a level pegging with Mr Marchetti as chief executive.
But a clash of personalities and opinions is said to have led her to quitting. She has reportedly walked van cleef rose gold necklace fake away with around 100million after selling Net a Porter shares.
Miss Massenet's departure does not come as a surprise to those who know her. Fashion insiders said the clash between Mr Marchetti and Miss Massenet had been brewing for months. She is understood to have resigned after returning from holiday.
Earlier this year, Mr Marchetti gave an interview to the Financial Times in which he said the merger was not a marriage of equals, and boasted there would only be one boss of the new company, adding: 'And that's me.'
His management style is also understood to have differed greatly from Miss Massenet's. The FT reported Mr Marchetti admitted his staff did not like him. 'There is no love' he said. 'I think van cleef inspired clover necklace fake they feel inspired. But they don't need to love me.'
This is in stark contrast to Miss Massenet's cheerleader style of 'wholesome' management where she focuses on team spirit and working together.
And he acknowledged that he and his new boardroom rival were 'different', adding: 'But it's not bad. I don't need love. I need results.'
Since its creation, Net a Porter has become a global phenomenon, with sales reaching more than 500million as it tapped into women's desire to buy luxury goods online which are delivered straight to their door.
Miss Massenet, the California born daughter of a British Chanel model, set up the business with her then husband Arnaud while she van cleef gold clover necklace fake was pregnant with her first child.
It was just as the dot com crash hit in 2000 and sceptics warned women would refuse to buy expensive clothes without trying them on.
After struggling to get any funding, she eventually managed to raise just over 1million in start up capital from her Chelsea flat.
She had previously worked for US magazine Women's Wear Daily van cleef and arpels heart necklace fake and later became an assistant to fashion icon Isabella Blow at Tatler magazine.
In 2010, she sold a stake in Net a Porter to Swiss luxury goods group Richemont, which also owns Cartier and Van Cleef Arpels, netting around 50million.
Richemont agreed the deal to sell it to Yoox in March this year.
Miss Massenet is also the chairman of the British Fashion Council.
The deal with Yoox, which sells overstocked or unsold designer goods from previous seasons, creates a 1billion group and the world's largest online luxury goods retailer.
Net a Porter is famous for its plush black delivery boxes tied up with ribbon, with designer items lovingly wrapped in crisp tissue paper inside.
During the financial crisis women who were unable to give up their Net a Porter habit asked for their purchases to be delivered in plain wrapping, to hide their extravagance from colleagues.
A Net a Porter spokesman did not respond to questions.
Yoox confirmed Massenet's resignation and said she will not be a member of its board once the merger is completed.
Most watched News videos Clinton by Weinstein before making Trump comparison really are a stupid fing woman Tube passenger rant Daredevil attached to a highline hurls himself off edge of a cliff School roof dramatically blown off by storm Ophelia in Cork they know something big coming of birds escape inland CCTV captures men holding necks after crash Harvey is OUT: Motion Picture Academy expels Weinstein Comedian Sean Hughes jokes with singer Boy George farmer mows down a hunt saboteur with his quad bike James Corden under fire after making Harvey Weinstein jokes Trees sway violently in Cork as storm Ophelia hits Ireland Car bursts into flames on New York motorway following crash
'We were all abused': Former member of Pussycat Dolls. 'I was running downstairs in heels with a cup of coffee. 'I don't want to live forever. I can think of nothing. Britain's Martian sky: Hurricane Ophelia creates ghostly. 'Shut up, shut up you STUPID woman!': Tube passenger's. Thousands of Ed Sheeran fans face anxious wait as Galway. 'Get off my land': Shocking violence as farmer bellowing. Romanian figure skater, 23, who 'had been reading a lot. EXCLUSIVE: 'She's mortified': British bride who performed. PIERS MORGAN: Kate Winslet's shameful hypocrisy over. Harvey Weinstein's 10 year marriage to Marchesa designer. Ophelia batters Britain: Eye of 100mph storm surges into. Newborn baby girl is found abandoned covered in ants. Game of Thrones star Roy Dotrice who also starred in. 'Can I get a ride?': Shocking moment driver, 23, crashes. American woman, 33, marries Ethiopian prince, 35, in a. Pictured: Tragic schoolgirl, 14, found dead in a play. Don't look down! Daredevil throws himself off the edge of. MOST READ NEWS Previous.
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