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Online retailers Net-a-Porter, Yoox to merge on 05 October

Tuesday 29 September 2015 | 10:17 CET | News
Luxury online retailers Net-a-Porter and Yoox are set to finalise their merger on 05 October after Net-a-Porter owner Largenta Italia and Yoox announced the signing of the corresponding deed. In a joint statement the two companies said the merger will create the Yoox Net-a-Porter Group which will continue trading on the Milan stock exchange. Both companies were launched in 2000 and the transaction will create the world's largest online retailer focused on luxury brands, with revenues of EUR 1.3 billion.

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Categories: Internet
Countries: Italy / World
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