The Traderszone Network

Published in TZ Latest News 31 March, 2015 by The TZ Newswire Staff

Yoox to Buy Richemont’s Net-a-Porter for $775 Million

The deal will give Richemont a 50 percent stake in Yoox, which will be renamed Yoox Net-a-Porter Group, the Geneva-based owner of the Cartier and Chloe brands said in a statement Tuesday. Yoox’s founder, Federico Marchetti, will be chief executive officer, while Net-A-Porter founder Natalie Massenet will be chairman.