acquired by Net-a-Porter Group

After selling the last of it's remaining stock at 70 percent off earlier this week, struggling premium retailer has stop trading and sold off it's domain name to online giant Net-a-Porter Group.

The website itself is no longer active and a message has been posted which reads: “We are sorry to inform you that is no longer trading. We thank you for your loyal custom and we are pleased to introduce you to the Net-a-Porter Group – the destination for luxury fashion and style online.” Welcome to the Net-a-Porter Group will honour all sales and orders places as well as returns following its return policy. It is understood that brick-and-mortar store in Whiteley's shopping center in Bayswater, London continue to trade until the end of next month. The store first opened this June, and offered customers the chance to try on products before placing an order for either in store or at home delivery.

The premium sales retailer had been struggling for quite sometime prior to the announcement of the takeover. In September, the retailer revealed its decision to pause it's business “to review all strategic options,” but declinced to comment on what these options may be. also cancelled all orders for Spring '15.

Last month the online retailer began discounting all it's current season stock by 40 percent and then increase the discount to 50 percent before selling it's remaining items with a 70 percent discount. Over the past few months has also experience a series of high-profile director departures, including the exit of it's co-founder Andrew Curran, fashion director Carmen Borgonovo, trading director Joanna Stephenson and chief executive David Worby. was first launched in 2006 by Andrew Curran and his former spouse Sarah Curran. The premium online retailer did well in its early years and went on to become one of the fastest growing e-commerce businesses in the UK. However the husband and wife team went on to divorce in 2011, and in 2013 both founders left the company.