Net-A-Porter, Yoox to merge

Richemont has agreed to merge the operations of its subsidiary, Net-A-Porter, with rival Yoox Group. It follows widespread speculation that e-commerce giant, Amazon, was in talks to acquire the online fashion pureplay. Yoox operates multi-brand online stores including yoox.com, thecorner.com, and shoescribe.com, as well as with numerous mono-brand online stores. Richemont will retain 50 per cent of the combined company, to be called Yoox Net-A-Porter Group, which will be traded on the Italian S

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