Net-a-Porter Founder Resigns from Online Retailer

Bloomberg: Net-a-Porter founder Natalie Massenet, who was to be chairman of the combined company after a planned merger with Italian rival Yoox Spa, has resigned from the online fashion retailer. Massenet tendered her resignation after returning from a vacation. She is said to be leaving with more than 100 million pounds ($153 million) after selling shares in Net-a-Porter.