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Yoox: LVMH and Richemont invites Kering investing


The President of the Swiss group, Johann Rupert, has invited her two French competitors Monday, LVMH and Kering, to invest in the sales portal Yoox Net-a-Porter Group.

"I spoke to Bernard Arnault (LVMH CEO), I spoke to Kering," he said in Monaco at a conference organized by the Financial Times, according to Reuters. "We need a platform that is large enough for the luxury industry. I want to create an open platform for all. It depends on them now. "

Taking a word that comes after the announced merger between the end of March and the Italian Yoox UK portal owned by Richemont, Net-a-Porter. Both are now operating under the name Yoox Net-a-Porter Group. Structure 50% owned by Richemont, 25% of the group is committed to keep for at least three years, while its weight to the board will be limited to 25% "to protect the independence of the activity."

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