Carmen Busquets knows how to get luxury e-commerce back on track

What does 30 years in the luxury fashion industry teach you? For Carmen Busquets, it’s that you can’t take anything with you when you go.

The Venezuelan-born entrepreneur, who was both co-founder and founding investor of Net-a-Porter in 2000 and has invested in major companies, including Farfetch, Cult Beauty, Lyst and others since, is embarking on a purge of sorts. She’s accumulated fashion pieces from emerging designers, sustainable brands and artisans over the years. Her next project will be to sell them off next year. All proceeds will go to charity — a focus of late for Busquets is philanthropic work, and just about everything she does these days is for the Carmen Busquets Foundation, which she recently set up in the US.