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Yoox shareholders approve Net-a-Porter merger

Yoox shareholders have approved the merger with its luxury etail rival Net-a-Porter.

The deal was confirmed in March pending the decision, which was approved at the Italian etailer’s shareholder meeting this week.

The newly formed Yoox Net-a-Porter Group will be led by Yoox founder Federico Marchetti as chief executive, while Net-a-Porter founder Natalie Massenet will serve as executive chairman.

The merger is expected to be complete in October, a month later than originally planned.

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