February 13, 2018 / 9:26 AM / 2 months ago

BRIEF-Kering Says Relationship with Yoox Net-A-Porter Will Not Change Due To Richemont's Bid For Control

Feb 13 (Reuters) - Kering:

* CHAIRMAN AND CEO PINAULT SAYS PRIORITY FOR THE GROUP REMAINS ORGANIC GROWTH, ACQUISITIONS NOT NECESSARY FOR THE GROUP IN SHORT OR MEDIUM TERM TO GENERATE GROWTH

* GROUP MANAGING DIRECTOR SAYS RICHEMONT’S BID TO BUY OUT REST OF YOOX NET-A-PORTER DOES NOT CHANGE KERING’S RELATIONSHIP AND CONTRACT WITH YNAP Further company coverage: (Reporting by paris.newsroom@thomsonreuters.com)

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