Yoox And Its Brand Will Be Merged.

< p > it is reported that the Italy luxury electric business Yoox SpA (MTA, STAR:YOOX) will merge with Compagnie Financi re re Richemont SA (CFR.VX)'s luxury electric business. The two sides have negotiated at least two times to discuss merger matters, but they are at an impasse. < /p >
Federico Marchetti, founder and CEO of P Yoox SpA (MTA, STAR:YOOX) denied this in an interview. However, Federico Marchetti said in an interview that the Group expects to maintain its leadership in the industry through acquisitions. Federico Marchetti said the group headquarters in Bologna had a special group to study investment opportunities, but he strongly denied that she had held talks with Compagnie Financi re Richemont SA (CFR.VX). < /p >
< p > < a href= "http://www.91se91.com/news/index_f.asp > > luxury goods industry < /a > analyst Tang Xiaotang said the opportunity of M & A is very small. "First, the terms of acquisition are very difficult. The merger between market leaders has increased in recent years, but the electricity supplier industry is still in the" big fish "environment. The M & A between Net-a-Porter and Yoox is more difficult than ordinary transactions, and in addition to the business overlap, Yoox is still a lot of brand e-commerce operators. If M & A is a difficult point, besides Yoox and Kering, Kai Yun group also has a joint venture company, while Kering Kai Yun group and Richemont Lifeng group are competitors, which will make mergers and acquisitions more complicated. < /p >
P Yoox SpA (MTA, STAR:YOOX) founder and CEO Federico Marchetti also said in an interview that brand management is the 30 online business of fashion brands, "they are getting better and better, and we will not lose them." < /p >
< p > summer 2012, the Yoox SpA (MTA, STAR:YOOX) and Compagnie Financi re re Richemont SA (CFR.VX) have signed an agreement to set up a joint venture company, each holding 49% and 51% respectively, and 7 years of closed period. < /p >
P > Compagnie Financi < re Richemont SA (CFR.VX) a href= http://www.91se91.com/news/index_f.asp > /a > /a. < /p >
< p > the way of stock exchange is not the most important. In addition to the brand management business mentioned before, Yoox group has yoox.com, thecorner.com (main designer brand and artwork) and shoescribe.com (footwear products), while Net-a-Porter Group operates Net-a-Porter (for female customers), Mr Porter (for male customers) and The Outnet (discount website). Mergers and acquisitions in addition to expanding the scale and increasing market share, synergy effect to reduce operating costs is also the most critical step, but the two big groups go in two directions. The latter tends to develop vertically, while the vertical is the test, which is the test of the cost of mergers and acquisitions. If the two sides maintain the original framework, then M & A has no meaning, and how integration is a problem for different structures of the two sides. Luxury industry analyst Tang Xiaotang said. < /p >
The financial situation of < p > Yoox SpA (MTA, STAR:YOOX) and Net-a-Porter is good. It is reported that as of June 30, 2013, Yoox SpA (MTA, STAR:YOOX) was 13 million 600 thousand euros in the first half of fiscal year 2013, up 38.7% from 9 million 800 thousand euros in the same period last year, and net profit increased 1.7% to 2 million 200 thousand euros. Net income rose to 20% euros to 210 million euros, compared with 173 million euros last year. According to the no fashion Chinese network data, Net-A-Porter recorded a 55% increase in sales in 2012, from 238 million pounds in the previous year to 368 million pounds. However, because of its huge investment in its own expansion, Net-A-Porter lost its profit by about 27 million pounds. Net-A-Porter's investment in 2012 included the acquisition of China discount online retailer network at 6 million 600 thousand pounds, reshaping the Chinese version of the Outnet, to officially enter the mainland market in China. It spent 22 million 900 thousand pounds in London, the United States and Hongkong in three places to establish a new automated distribution system, and opened third global distribution centers in Hongkong. This also doubled the number of employees in Net-A-Porter in 2012. < /p >
< p > by Net-A-Porter < a > href= > http://www.91se91.com/news/index_f.asp > Fashion Editor > /a > Natalie Massenet was founded in 2000, Net-A-Porter and the Federico Marchetti created by the financial business background Yoox have another difference. The content operation of the Federico has been commended in the industry, and it is obvious that the embrace of technology is more intensive, for example, its speech recognition technology, the merger of the two sides may have some complementarity in technology and content. But Tang Xiaotang, a luxury industry analyst, said that this is just the least important thing. "There is no absolute advantage in terms of content and technology." < /p >
P, also founded in 2000, has been supported by many fashion entrepreneurs in Italy. It is the light of Italy in the backdrop of Italy's fashion industry downturn. Including Diesel boss Renzo Rosso are all Yoox supporters. Renzo Rosso owns 4.993% and 3.613% shares respectively through its investment company Red Circle Investments S.r.l. and Red S.r.l.. Armani is also a supporter of Federico Marchetti. Tang Xiaotang, an analyst with luxury goods industry, said: "Yoox's shareholding structure and partners may not support Yoox's annexation by the group. The Italy fashion group has always been embarrassed by the three major luxury goods groups in Europe. The major shareholder of Yoox Renzo Rosso has been competing with LVMH and Kering to open up competition in recent years. However, due to geopolitical and economic relations, it has been missing. If the acquisition of Renzo Rosso may be the first objection, its shareholding ratio is even higher than that of Renzo Rosso, and there has always been a desire to increase its holdings." < /p >
< p > by trading rumors, Yoox SpA (MTA, STAR:YOOX) closed down 3.32% in October 9th, and its share price has risen to 107% so far this year. < /p >