Net-a-Porter founder resigns abruptly before merger

Natalie Massenet, founder and executive chairman of designer retailer Net-a-Porter, has resigned from her future position as chairman of the newly merged Yoox Net-a-Porter Group.

Off-season luxury retailer Yoox and Net-a-Porter agreed to merge in April. Both are e-commerce retailers, with a combined worth of $1.4 million.

Net-a-Porter sells clothing, jewelry, shoes and other accessories by designer labels, in addition to publishing Porter, a magazine that showcases featured items to readers.

The founder and CEO of Yoox, Federico Marchetti, was set to continue as CEO of the merged company while Massenet was to be named chairman and remain in charge of editorial content.

Yoox issued a one-sentence statement announcing that Massenet would no longer be a member of Yoox Net-a-Porter board of directors following her resignation. Story