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Yoox Net-a-Porter Group profits up 26%

Yoox Net-a-Porter Group’s EBITDA grew by 26% year on year to €133.1m (£103.2m) in 2015, against a previously announced revenue increase of 31% to €1.7bn (£1.3bn).

Since the year end, the group has signed five-year global partnerships with luxury brands Chloé and Alfred Dunhill to set up and manage both their online flagship stores. Chloe.com is set to launch later this year, while Dunhill.com went live on February 23.

YNAP also renewed a further five-year contract to manage Moncler.com with its owner Industries SpA.

Contracts to manage online stores for Pringle of Scotland, Barbara Bui, TRS Evolution, Roberto Cavalli, EZI and Brunello Cucinelli will not be renewed, which together account for 0.6% of the group’s proforma net revenues.

YNAP said it plans to invest around €150m (£116m) in 2016, mainly in technology, and it will relaunch Yoox.com in the third quarter of this year.

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