Richemont has confirmed that YOOX and Net-a-Porter are merging, following reports that the two online high-end retail mainstays were in talks to do so. Richemont SA's online fashion retail unit Net-a-Porter has long rivaled Italian YOOX SpA, and this merger will result in Richemont owning 50 percent of the combined company, which will be called Yoox Net-a-Porter Group. It will be traded on the Italian stock exchange, and Yoox's founder Federico Marchetti will act as chief executive officer. Yoox...
Richemont has confirmed that YOOX and Net-a-Porter are merging, following reports that the two online high-end retail mainstays were in talks to do so. Richemont SA's online fashion retail unit Net-a-Porter has long rivaled Italian YOOX SpA, and this merger will result in Richemont owning 50 percent of the combined company, which will be called Yoox Net-a-Porter Group. It will be traded on the Italian stock exchange, and Yoox's founder Federico Marchetti will act as chief executive officer. Yoox...
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