Richemont’s move to take over all of Yoox Net-a-porter Group is almost complete after the vast majority of YNAP shareholders agreed to sell to the luxury giant. The intention is to delist YNAP from the Milan Stock Exchange following the completion of the deal.

Compagnie Financière Richemont SA said Thursday the minimum 90 percent threshold for is public tender offer had been fulfilled, and it has secured 94.99 percent of Yoox Net-a-porter Group SpA’s ordinary shares. Continue reading →