Find Out Which Major Site Is In Talks to Buy Net-a-Porter
When it comes to e-commerce, it's safe to say that Net-a-Porter pretty much has everyone beat. The store, founded by Natalie Massenet in 2000, is now worth more than $2 billion by most analysts' estimates, and it might fetch that amount sooner than later.
WWD reports that Italian e-commerce retailer YOOX.com is in talks to buy Net-a-Porter, as confirmed by Net-a-Porter's parent company, Richemont. "With reference to what has appeared in the press, Yoox clarifies that discussions are currently underway with Compagnie Financière Richemont SA regarding a potential business combination between YOOX and the Net-A-Porter Group Ltd," a YOOX spokesperson told WWD. "The Company will update the market as appropriate in due course and cannot comment further at this stage."
So what might this mean? The exchange of a large sum of money, for sure, but also a significant merging of two of the most powerful online stores in the space. What do you think such a merger will look like? Tell us in the comments below!