Yoox and netaporter face fierce competition from online rivals and upmarket department stores. Yoox group and the netaporter group to merge investor presentation. Investor revolt over richemont takeover of yoox netaporter. Richemonts intention to acquire the yoox netaporter group will put it into competition with amazon and luxury conglomerate lvmh. Yoox netaporters plan to become a mobileonly company. A combination of our core display units and run across. All trademarks and images relating to third parties that are used on this site do not belong to yoox and are considered the sole property of their respective owners.
It has established itself amongst the market leaders with the multibrand online stores, and, as well as with numerous monobrand online stores. Yoox netaporter ynap or the company is a leading online luxury fashion retailer. After gaining all day monday, shares of the company formed by the fusion of yoox and netaporter closed up 6. Yoox net a porter group is the worlds leading online luxury fashion retailer. The yoox net a porter group is the worlds leading online luxury fashion retailer. Richemont also owns leading online distributors yoox netaporter group. Yoox group is made up of a set of profitable fashion based ecommerce stores. Yoox netaporter group is an italian online fashion retailer created on 5 october 2015.
The group is a global company with angloitalian roots, the result of a gamechanging merger, which in october 2015 brought together yoox group and the netaporter group, two companies that have revolutionized the luxury fashion industry since their birth in 2000. Through a joint venture established in 2012, yoox net aporter. While the deal was confirmed back in march, its completion was pending the decision read more. Things are progressing nicely with the netaporter and yoox merger, after the yoox group shareholders gave it the goahead yesterday. Online fashion retailers yoox and richemonts netaporter are trying to resuscitate merger talks that took place more than a year ago to better fight. All trademarks and images relating to third parties that are used on this site do not belong to. Mr porter, net a porter, yoox, nelly, fashion days, tk max, brand alley, vente privee, showroom privee, privalia. Initially, designers and investors were reluctant to support netaporter because it. Yoox netaporter group has said that for the financial year ended december 31, 2015, the company recorded a monthly average of 27.
Yoox netaporter group is looking to expand its presence in the middle east with the help of a new investment from dubais alabbar enterprises. Net a porter yoox officially merged first day business. Online luxury retailer yoox netaporter spa reported firsthalf earnings that beat estimates as the companys mobile platform grew to account for more than half of sales. Yoox, netaporter and postmerger integration week in. Net a porter yoox shareholders confirm merger british vogue. This story first appeared in the october 6, 2015 issue of wwd. Yoox netaporter group live price charts and stock performance over time. Get to know the newly formed yoox netaporter group visit website.
September 2017 roadshow presentation yoox netaporter. Yoox and richemont, which owns netaporter, confirmed they were discussing a. This presentation contains certain financial measures that are not recognized under generally accepted accounting principles in the. New york, united states the merged luxury group yoox netaporter group is aiming to be as mobile as its shoppers.
Yxoxf is known for its operational expertise running the backend technology and logistics for luxury brand sites, while. Investor presentation yoox group an d the net aporter group to merge 31 march 2015. View the latest yxoxf financial statements, income statements and financial ratios. Swiss luxury conglomerate richemonts intention to acquire the remaining yoox netaporter group shares it does not hold should serve as a wakeup call for other holding groups who have yet to establish a multibrand ecommerce platform. Milan shares of the new yoox netaporter group closed their first day of trading on the upswing. London shareholders in yoox group have given the thumbs up to the proposed merger with the netaporter group. All trademarks and images relating to third parties that are used on this site do not belong to yoox net a porter group and are considered the sole property of their respective owners. The luxury ecommerce site has announced a merger with online retailer yoox, creating a supermega heavyweight. Yoox netaporter, the milanlisted luxury eretailer, is expanding its roster of online brands because of demand from consumers for highpriced watches and jewellery over digital platforms. Yoox netaporter group is the worlds leading online luxury fashion retailer. Yoox and netaporter agree allshare merger deal bbc news. It operates through the multibrand and monobrand segments. Initially, designers and investors were reluctant to support neta porter because it. Yoox net a porter group is a unique business with an unrivalled offering including multibrand inseason online stores net a porter, mr porter, multibrand offseason online stores yoox and the outnet, as well as numerous online flagship stores, all powered by ynap.
Yoox netaporter group stock research analysis by the purely financial factbased obermatt method on current and historical performance by investment strategy yoox net. The past five years have seen yoox netaporter groups margin contract, as a result of 35. Dedicated conference calls with institutional investors and financial analysts will be. Investor relations section results centre presentations. Will richemonts yoox netaporter proposal prompt kering.
In 2015, yoox purchased nap shares from richemont and. September 2017 roadshow presentation yoox netaporter group. Yoox netaporter stock research and rating obermatt. On march 31, 2015, yoox italian public company announced a merger with netaporter nap richemont is majority owner. Since the two joined last year, chief executive officer federico marchetti has invested in new technology, added services like seaplanes to drop off rush orders to the hamptons, and plans to expand sameday services in key markets like dubai. Yoox and netaporter deal details that were approved include the appointment of netaporters founder and existing chairman, natalie. The business i started in 2000 could not be in better shape today. Get to know the newly formed yoox net a porter group visit website. Search for a markets symbol or name aapl or apple or an investors name.
Statements contained in this presentation, particularly regarding any possible or assumed future performance of the giglio group, are or may be forwardlooking statements. Yoox netaporter group is an italian online fashion retailer created on 5 october 2015 after the merger between yoox group and netaporter group yoox was originally founded by federico marchetti in milan in 2000, and netaporter was founded by natalie massenet in london in 2000. Find out in the video how we make our customers dreams a reality. The deal is expected to result in savings of about 60m euros a year. All trademarks and images relating to third parties that are used on this site do not belong to yoox netaporter group and are considered the sole property of their respective owners. Yoox group shareholders approve merger with netaporter. Yoox understanding its history and uniqueness cleverism. In the first quarter of 2018, yoox netaporter groups online stores attracted. The group is a global company with angloitalian roots, the result of a gamechanging merger, which in october 2015, brought together yoox group and the net aporter group. The group is a global company with angloitalian roots, the result of a gamechanging merger, which in october 2015, brought together yoox group and the net a porter group. Yoox is an italian ecommerce company that has successfully created an online fashion store and business that serves more than 100 countries all over. This is our third report as yoox netaporter group and the first under the management of. Yoox netaporter group is a unique business with an unrivalled offering including multibrand inseason online stores netaporter, mr porter, multibrand offseason online stores yoox and the outnet, as well as numerous online flagship stores, all powered by ynap. Yoox netaporter gains middle eastern insights via new investor.
Investment in our people is crucial to delivering our short and longterm goals. Italian online fashion retailer yoox has said it is in merger talks with londonbased rival netaporter. Through a joint venture established in 2012, yoox net a porter. Ynap, the worlds leading online luxury fashion retailer, informs that the november 2017 roadshow presentation is available to the public on the companys website at. Richemont is pleased to announce that it has acquired 100% of buccellati holding italia s. November 2017 roadshow presentation made available to the public. Investor relations section results centre presentations yoox netaporter group. Yoox group and the net a porter group to merge investor presentation. Investor presentation yoox group and the netaporter group to merge 31 march 2015. By now, nearly everyone within the industry has heard of the merger of two of the largest online fashion destinations unless they have been living under a rock to form a new entity known as yoox netaporter group. The completion of netaporter groups merger with yoox group is the right time for me to move on to explore new ideas and opportunities, said massenet of her decision last month. On tuesday, yoox shareholders agreed to a future increase in share capital of up.
London, united kingdom during my time working as a management consultant, i did a lot of work in the space that the corporate business world calls postmerger integration, which in laymans terms means doing everything possible to make sure that the merger of two companies goes as smoothly as possible and that the business goals behind it are achieved. What should investors know about yoox netaporter group. Soleshareholder company subject to direction and coordination of compagnie financiere richemont s. Get the detailed income statement for yoox netaporter group spa yxoxf. Yoox netaporter group is the global internet retailing partner for leading fashion and design brands. This presentation contains forwardlooking statements concerning yoox s. Yoox has confirmed an allshare merger with netaporter, the designer clothing website, which will create the worlds largest online retailer focused on luxury brands, with combined sales of. Londonbased web fashion firm netaporter agreed to merge with italian online retailer yoox group, according to an announcement on tuesday after both companies confirmed they were in. Selling luxury online yoox netaporter technology and.
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