However, losses remained at a similar level despite the surge in revenues after the company recorded a dip in its gross profit margin from 45.6 percent to 44.1 percent. Net-a-Porter said that the key event during the year was the global launch of its Porter subscription magazine in February 2014.
Company’s CEO Mark Sebba recently announced his retirement. The company had launched The Outnet and Mr Porter during his long tenure. Net-a-Porter started in June 2000, claims to have over 2.5 million visitors each month. Majorly owned by Swiss designer goods company Richemont, which acquired the majority stake in Net-A-Porter for an estimated value of 50 million pounds (80.5 million dollars) in 2010, Chairwoman and Founder Natalie Massenet also continues to hold a stake in the company.