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Yoox Confirms Talks to Buy Net-A-Porter

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In response to last week's WWD report that Amazon was rumored to be interested in buying Net-A-Porter, Yoox has confirmed that discussion is underway for it to buy Net-A-Porter. Richemont, Net-A-Porter's parent company, also confirmed the talks with Yoox.

A Yoox spokesperson says: "With reference to what has appeared in the press, Yoox S.p.A. clarifies that discussions are currently underway with Compagnie Financière Richemont SA regarding a potential business combination between YOOX and the Net-A-Porter Group Ltd. The Company will update the market as appropriate in due course and cannot comment further at this stage."