Carmen Busquets Oleg Covian

Carmen Busquets


The Venezuelan entrepreneur was one of the first investors in Net-a-Porter and has founded a luxury e-tailer.

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Venezuelan entrepreneur and investor Carmen Busquets was an early champion of the fashion-tech space. She was the founding investor in major digital success story Net-a-Porter and amongst the first professional investors to see the value in luxury e-commerce more than a decade ago. Busquets has gone on to invest a total of £12 million (about $19.5 million at current exchange rates) in a number of fashion-tech companies in the United Kingdom and the United States.

Born to a sociologist mother and an entrepreneurial industrialist father, Busquets was educated in England, Canada, and the United States, and recalls attending a “Hogwarts-like” convent school at Hastings in England. After graduating from the University of Miami, she initially wanted to be an artist, but changed directions after the death of her brother and returned to her native country.

She was expected to work in the family’s various metallurgic businesses, but instead forged her own path, setting up a fashion boutique called Cabus in 1990. “[My father] was very strict and wanted me to work in the family business — for him, the worst thing was having a daughter who worked in fashion,” Busquets told The Telegraph. “But he helped me with a business plan for my first boutique in Venezuela in 1990,” added Busquets, who convinced brands like Chanel, Thierry Mügler and Alaïa to do business with her.


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