Richemont Makes Bid To Acquire Yoox Net-a-Porter Group

YNAP’s chief executive Federico Marchetti said he was receptive to the bid and YNAP has waived a clause in its shareholder documents, which would have prevented Richemont and all its affiliates from purchasing any more shares in the company. Richemont said it plans to continue to operate YNAP as a separate company.

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