Richemont Moves To Re-Control Net-A-Porter Luxury E-Commerce Group
Still warm after its major watch and jewelry industry trade show, SIHH 2018, the Richemont Group just announced what appears to be an indication that it will be moving to take back full control of the Net-A-Porter Group. Originally founded in 2000 by former fashion journalist Natalie Massenet, Net-A-Porter is considered the pioneer in luxury retail online, and has since both grown and launched a number of other multi-brand stores as well as dedicated online stores for a number of fashion brands. In 2002, the luxury watches, jewelry, and other goods conglomerate Richemont Group began its relationship with Net-A-Porter by investing in the luxury e-commerce retailer and acquiring 25% ownership and voting rights in the company. Net-A-Porter went on to grow and in 2010 the Richemont Group increased its position in Net-A-Porter by purchasing 93% of the company.Image source: drapersonline.comIronically, Richemont Group did not ever seem to utilize the strengths of Net-A-Porter or its various
MB&F LM1 M.A.D. Dubai Limited Edition Watch In Titanium With Green Dial
Swiss MB&F just debuted this new limited edition version of the Legacy Machine 1 (LM1) in the collection’s first titanium case and available exclusively in Dubai. It is worth pointing out again that MB&F founder Max Busser recently moved to Dubai from Geneva, so in a sense MB&F is run out of Dubai as well as Switzerland. In partnership with Ahmed Seddiqi & Sons (a watch retailer chain and timepiece distributor that also was the host of the Dubai Watch Week), MB&F also has an additional MB&F M.A.D. Gallery location in Dubai. This is the the third MB&F M.A.D. Gallery location (the second is in Taipei, after Geneva).At 44mm wide with a striking yet traditional round case, the MB&F Legacy Machine 1 remains the brand’s “conservative watch,” of course. For the first time, MB&F has decided to produce one in titanium, having previously only be available in gold or platinum. Also new is a neat green dial which has been produced using &