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

Yoox to float on Italian bourse

Italian online retailer Yoox is set to float on Milan’s stockmarket this week.

The etailer will float on the market tomorrow and shares in the company are being offered at at €4.30 (£3.89) each, the top-end of the range that was predicted by brokers.

The floatation and top-of the range share pricing is a shot in the arm for European online fashion retailers following the recession.

The share price has been taken from a multiple of 26 times on expected earnings for 2010, reflecting Yoox’ rapid growth and putting the etailer ahead of which trades at 20 times earnings in London.

Established in 2000, Yoox sells brands such as Armani, Chloe, Dolce & Gabbana and Prada.

The etailer also designs and manages mono-brand online stores for fashion brands looking to offer their collections on the internet, including forMarni, Armani and Diesel.





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.