Net-A-Porter to Merge with Yoox

Big news from the fashion industry! Net-A-Porter, the high end fashion retailer might have closed a possible deal with Amazon to merge with Yoox Group – Italian e-commerce company. The rumors about a possible merger had spread ın Monday and the move has just been confirmed today about the all-share deal. The deal is currently only conditional with the agreement of Yoox shares at the June meeting and will probably be completed by the beginning of September. If the deal becomes certain, the new company will be called “Yoox Net-A-Porter Group” and will take its place at the Borsa Italiana. Stay tuned for more news from both parties and be sure to get ready for a new era in fashion retailing.