In a surprising bid, Richemont has offered to acquire the remaining 51% stake in Yoox-Net-a-Porter group at 38€/share. A substantial premium of 26% was proposed which was welcomed by the investors in YNAP. Although it was disappointing for the investors in the Swiss hard luxury maker.
23 Jan 2018
Richemont seeks full control of Yoox-Net-A-Porter
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Richemont seeks full control of Yoox-Net-A-Porter
Compagnie Financiere Richemont SA (RITN:ETR) | 0 0 0.7% | Mkt Cap: 44,518m
- Published:
23 Jan 2018 -
Author:
Rim BEN SALAH -
Pages:
2
In a surprising bid, Richemont has offered to acquire the remaining 51% stake in Yoox-Net-a-Porter group at 38€/share. A substantial premium of 26% was proposed which was welcomed by the investors in YNAP. Although it was disappointing for the investors in the Swiss hard luxury maker.