Richemont takes over Yoox Net-a-Porter

Luxury conglomerate Richemont, whose portfolio includes brands such as Cartier, Montblanc, and Alfred Dunhill, has announced they have acquired the remaining ordinary shares in Yoox Net-a-Porter (YNAP) Group. The company headquartered in Milan is now on track to de-list from the stock market according to data from the Italian bourse.