Yoox: Shareholders approve merger deal with upmarket rival Net-a-Porter

By

Dominique Muret

Published
Jul 21, 2015

The shareholders of Yoox almost unanimously approved the merger of the Italian site with Net-A-Porter from Swiss group Richemont, Yoox announced in a press release.

The merger is subject to the approval of the competition authorities. It will result in the Yoox Net-A-Porter Group, an e-commerce giant for luxury products.

Also voted on was the possibility for the board of directors to increase the capital up to 200 million euros, and the appointments of three new members of the board: Natalie Massenet, Richard Lepeu and Gary Saage.