Net-a-Porter CEO steps down

Luxury online retailer Net-a-Porter will be in the market for a new CEO when CEO Mark Sebba steps down July 31 after nearly 10 years in the role.

Sebba joined the company in 2003 and has since garnered recognition for stimulating significant growth and maintaining an innovative approach to the luxury fashion market, according to Retail Gazette. The company started in 2000 and has significantly grown its presence in the online fashion market, employing more than 2,500 staff members and launching other online platforms such as menswear retail fashion mag MrPorter.com.

"I am stepping down at a time [when] the company is stronger than ever," Sebba said. "Our revenue is growing, we are market leaders and we continue to innovate and raise the bar in terms of our customer experience"

Sebba will remain with the company, worth more than £2 billion, as a non-executive director, but a new CEO has yet to be announced. Story

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