Online retailer Yoox to invest EUR 210 mln by 2020

Thursday 7 December 2017 | 15:01 CET | News

Italian online retailer Yoox Net-a-Porter has announced a deal with the Ministry of Economic Development (MISE) and the government of the Emilia-Romagna region to invest EUR 210 million in a plan to strengthen its omni-channel offer, boost its logistics service and upgrade its technology platform. The plan, which forms part of the company’s 2016-2020 industrial strategy, will see Yoox Net-a-Porter recruit nearly 600 new employees, the vast majority in Emilia-Romagna.

Yoox merged with luxury online retailer Net-a-Porter in 2015 to create the Yoox Net-a-Porter Group, the world's largest online retailer focused on luxury brands, which trades on the Milan stock exchange. Last year it partnered with Disney to launch a new online lifestyle and fashion store.

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