Net-a-Porter heads to Yoox merger with profit

Net-a-Porter heads to Yoox merger with profit

British online fashion chain Net-a-Porter has left its losses behind. In its fiscal year 2014/2015, it had an 11 million pounds (15.21 million euro) profit.

Good sales deliver first profit

It was the online seller's first profit since it was acquired by investor Richemont 5 years ago. Last year, Net-a-Porter had a 9.7 million pounds loss last year, which is 13.41 million euro by today's exchange rates.

 

Its improved result comes on the back of record sales, with a 764 million pound (1.056 billion euro) turnover in its fiscal year 2015 (which ended in March), up 22.8 % compared to last year. 45 % of its sales came from Europe, 31 % from the United States and the remainder from Asia and the rest of the world.

 

Yoox merger will become internet giant

Net-a-Porter will have decent results to head into its Yoox merger. It was announced in March and will probably be finalized by September. The merger's goal is to offer the customer a more diversified luxury product range.

 

Net-a-Porter says it attracts 10.7 million unique customers on a monthly basis, while Yoox will add 18.8 million customers. The new Net-a-Porter and Yoox merger will be based in Italy.

Questions or comments? Please feel free to contact the editors


Macron wants World Heritage recognition for French baguette

15/01/2018

French president Macron and the union of French bakers want to get the French baguette listed as Unesco World Heritage. If it succeeds, it will follow in the footsteps of Belgian beer and pizza from Napoli.

Lactalis recalls 12 million packs of baby milk

15/01/2018

Dairy manufacturer Lactalis is in the eye of the storm in France, because its baby milk has been contaminated with salmonella. It had to recall 12 million packs across 83 countries.

Larger packaging does not always equal lower prices

15/01/2018

Many supermarket items in large packaging are cheaper by the kilo or the liter than small packages, but in some cases, the reverse is true. Much depends on the standard packaging.

Delhaize reshuffles board

15/01/2018

Delhaize just announced it will rearrange its board and it also launched a new campaign, called “Mee met ‘t Leven” (Get on with life).

“Ferrero close to Nestlé's American chocolate division"

11/01/2018

Italian Ferrero and Swiss Nestlé are close to a deal for the former to acquire the latter’s American chocolate division. Nutella and Tictac’s manufacturer would be willing to pay 2.8 billion dollars to get brands like Butterfinger and Baby Ruth.

This self-driving convenience store brings fresh food to your door step

11/01/2018

A convenience store that drives around the neighbourhood by itself with a supply of fresh food: according to American startup Robomart, that is the convenience store’s future. It recently revealed a prototype in Las Vegas.

Back to top