Net-a-Porter deal sees Luxury goods giant Richemont catch €317m

Following completion of the merger, Yoox Net-a-Porter plans to raise up to €200m in growth capital

Wednesday 01 April 2015 00:37 BST

Natalie Massenet, the former fashion journalist who founded Net-a-Porter in 2000 (Dan Kitwood/Getty Images)

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The luxury goods giant Richemont will pocket €317m (£232m) after it agreed a €1.3bn online fashion merger of its Net-a-Porter business with its Italian rival Yoox.

Following completion of the merger, the new company, Yoox Net-a-Porter, plans to raise up to €200m in growth capital.

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Net-a-Porter deal sees Luxury goods giant Richemont catch €317m

Following completion of the merger, Yoox Net-a-Porter plans to raise up to €200m in growth capital

Read more: Italian retailer Yoox eyes Net-a-Porter

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