Cartier owner Richemont in £2.5bn swoop on Net-a-Porter

Cartier owner Richemont has made a £2.5bn swoop on Net-a-Porter with plans to take it private.The Swiss business, which also owns pen and accessories maker Montblanc and watchmaker Baume & Mercier, is struggling to make a success of its online business and is looking to cash in on the rival fashion empire, Yoox Net-a-Porter (YNAP). In fashion: Swiss business Richemont is struggling to make a success of its online businessRichemont already owns 49 per cent of YNAP but only has 25 per cent...