Amazon might be buying Net-a-Porter
Amazon wants in on the fashion fun, it seems
Net-a-Porter might be shopping for a buyer and it seems Amazon is interested. According to WWD, Amazon is in "ongoing talks" to buy the e-tailer, which was founded by Natalie Massenet and is currently owned by Swiss firm Compagnie Financière Richemont. The hugely successful business is valued at up to €2billion (around RM7.8b).
Although the two camps have refused to comment on the news, we think the speculation is not too far off base. Amazon has been showing a lot of interest in the fashion world of late, sponsoring Men's Fashion Week in New York next July, and buying a 46,000sq.ft photography studio in Shoreditch last year.
What would the purchase mean for customers? Even wider and faster delivery options, perhaps? Watch this space.