Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Independent appraisal values Net-a-Porter higher than Yoox deal

Net-a-Porter was valued at higher than the £950m agreed by its Italian rival Yoox, according to an independent valuation requested by the online luxury retailer’s minority’s shareholders.

Net-a-Porter is a subsidiary of Swiss luxury group Richemont, which agreed to merge luxury etailer with Yoox for £950m in March.

But the minority shareholders, who hold around 10% equity stake, have refused to sell Net-a-Porter at the price that has been agreed.

An independent appraisal valued the company at £1.5bn, according to a document seen by Reuters.

Under the terms of the agreement with Richemont, when it acquired the company in 2010, the Net-a-Porter minority shareholders can sell their shares at that price.

Yoox’s shares have almost doubled in value since speculation started about a potential merger in January, fuelling the investor’s case that there has effectively been a transfer of value from Richemont’s shareholders to Yoox’s shareholders.

@Tara_Hounslea

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.