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Yoox Net-A-Porter Group SpA (YNAP.MI)

YNAP.MI on Milan Stock Exchange

37.77EUR
23 Feb 2018
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€0.00 (+0.00%)
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Mon, Jan 22 2018

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Richemont bids for control of Yoox Net-A-Porter as luxury expands online

ZURICH Cartier owner Richemont on Monday offered up to 2.8 billion euros (2.47 billion pounds) for full control of Yoox Net-a-Porter (YNAP) to compete better in an expanding online market for luxury goods.

Richemont bids for control of Yoox Net-A-Porter as luxury expands online

ZURICH Cartier owner Richemont on Monday offered up to 2.8 billion euros ($3.4 billion) for full control of Yoox Net-a-Porter (YNAP) to compete better in an expanding online market for luxury goods.

UPDATE 3-Richemont bids for control of Yoox Net-A-Porter as luxury expands online

* Swiss firm sees opportunity to expand YNAP (Adds shares, context)

BRIEF-Compagnie Financière Richemont Announces Voluntary Tender On YNAP's Shares

* COMPAGNIE FINANCIÈRE RICHEMONT ANNOUNCES VOLUNTARY TENDER OFFER ON 100% OF YOOX'S SHARES UPON CASH PAYMENT OF EUR 38.00PER SHARE

BRIEF-T. Rowe Price held 2.75 pct stake in YNAP as of Sept 13 - filing

* investment management firm T. Rowe Price Associates held 2.75 percent stake in the Italian fashion group as of Sept. 13, a filing published by Italian market watchdog shows

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