Beware: NET-A-PORTER

[Paul Makepeace]

On Tue, Dec 13, 2011 at 10:41, Jacqui Caren <jacqui.caren at ntlworld.com>wrote:

> p.s. There were other reasons - including a much larger lay-off from US
> staff etc.
> but the exchange rate was used as the legal explanation for our
> dissolution.
>

A company that big should be hedging with currency futures to smooth out
the ride. That crazy period of pound/euro overvaluation only lasted a few
months in any case.

Paul