Online fashion retailers Yoox, Net-a-Porter in talks for possible merger
March 31 , 2015
Yoox, the Italian online fashion firm, and London-based retailer Net-a-Porter are reportedly in merger talks.
The two firms confirmed that a potential “business combination” was being discussed. If the talks succeed, the combined entity would be worth around $2.7 billion and become the industry leader.
Net-a-Porter is believed to be worth around €1.4 billion, according to estimates. Last year, Yoox’s net profit increased by 9.4% to touch €13.8 million. Both firms were launched during the dotcom boom, in 2000.