What is Yoox? Yoox Review
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Yoox is a luxury e-commerce company. On March 31, 2015, Yoox, a luxury e-commerce company headquartered in Milan, announced that it would formally merge with Net-a-Porter, a subsidiary of Richemont, the world's second largest luxury group . 1. Enterprise Market Value Yoox is valued at $1.3 billion, while Net-a-Porter is valued at approximately $2.2 billion. 2. Enterprise Merger On March 31, 2015, Milan-based luxury e-commerce company Yoox announced that it would formally merge with Net-a-Porter, a subsidiary of Richemont, the world's second largest luxury group. Both parties will hold 50% of the shares, and the new company will be named Yoox Net-a-Porter. After the company is established, Net-A-Porter founder Natalie Massenet will serve as chairman, and Yoox founder Federico Marchetti will serve as CEO. The annual revenue is expected to reach 1.4 billion US dollars. |
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