Yoox and Net-a-Porter announce merger
31.03.2015 3829

Yoox and Net-a-Porter announce merger

The largest luxury online stores: Italian Yoox and Net-a-Porter, owned by the Swiss group Richemont, are merging.

The merger will result in a joint venture called Yoox Net-a-Porter Group, of which Richemont will own 50%, however, the rights of the Swiss group will be limited: no more than 2 members on the board of directors and 25% of votes when making decisions. Feodico Marchetti, the founder of Yoox, will become the CEO of the new company, the head office will remain in Italy, the shares will continue to be quoted on the Italian stock exchange.

“The merger of Yoox and Net-A-Porter will give rise to a group that will become a global leader and shape the future of online luxury retail,” said Federico Marchetti. “For 15 years of their existence, both companies have created their own market, transformed this segment of trade, and their merger opens up new growth prospects”.

The largest luxury online stores: Italian Yoox and Net-a-Porter, owned by the Swiss group Richemont, are merging.

Latest News

OR GROUP: In January, Westfalika's online sales reached 62 million rubles.

OR GROUP reports that in January 2021, the share of online sales in the revenue of the marketplace created on the basis of the Westfalika retail network increased by 23,4%. Online sales reached RUB 62 million. The assortment of the trading platform (retail chain and ...
26.02.2021 54

Brunello Cucinelli has diluted a cozy boho style with outdoor shoes

In the new women's collection of the Italian luxury brand Brunello Cucinelli, which was presented online at Milan Fashion Week on February 24, multi-layered cozy garments made of knitwear, cashmere, mohair and silk are unexpectedly combined with ...
26.02.2021 71

Euro Shoes Premiere Collection will begin work on March 1 at the Main Stage art space

Moscow's leading Professional International Footwear Exhibition Euro Shoes Premiere Collection will be held in the capital from March 1 to 4. We remind you that the exhibition is held in the Main Stage art space (Sharikopodshipnikovskaya st., 13, p. 33).
25.02.2021 89

Shoes Report Youtube Channel: Interview with Sales Director Marco Tozzi, Eldar Schaffner

Eldar Schaffner, Sales Director of Marco Tozzi in Russia, spoke with Shoes Report editor Marina Shumilina about the specifics of the 2020 crisis, a new collection, new strategic decisions and plans for the future.
25.02.2021 106

Econika created a light mood in the spring-summer 2021 season

In the spring-summer 2021/22 season, the Econika shoe and accessories brand has released a delicate, feminine and not boring collection. Without abandoning their love for creative experiments with forms, the brand's designers have kept the right balance. Pleased with the presence ...
25.02.2021 300
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning