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Richemont to merge Net-A-Porter with Yoox

2015-03-31 11:47:33| Footwear - Topix.net

Cie. Financiere Richemont SA plans to combine its online fashion retailer Net-A-Porter with Italian Web-based clothing company Yoox SpA in an all-stock deal that will create an Internet shopping giant with yearly revenue of more than $1.4 billion. Yoox Net-A-Porter Group will combine two of the biggest and best known websites for luxury clothing and accessories, a nascent-but-growing online market.

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