Natalie Massenet, the chairman and founder of online luxury fashion giant Net-A-Porter has officially resigned from the company she started 15 years ago. And she did it just roughly a month before an impending merger with Italian e-commerce site, Yoox.
According to reports, Massenet, who was slated to be the executive chairperson overseeing editorial content decided to leave the post due to conflict with her Italian counterpart, Federico Marchetti. The merged companies, valued at a whopping $2.5 billion will now be solely headed by Marchetti.
Forbes has included her in their list of richest self-made women entrepreneurs to watch’.
Near and dear to many in the fashion industry, the woman known as a fashion retailing visionary is set to sell her approximately $153 million stake in the company.
We wonder where the Net-A-Porter Queen will go next.
Images from Bloomberg and David M. Benett, Getty