The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
MILAN, Italy — Shares in Italian online fashion retailer Yoox Net-A-Porter were up almost 8 percent on Monday as traders cited reported interest from Chinese e-commerce giant Alibaba Group.
"There are reports Alibaba is interested in buying a stake in Yoox," one of the traders said.
A report on Chinese fashion website Ladymax.cn said the Chinese conglomerate had contacted Yoox Net-a-Porter over capital cooperation, adding it did not rule out buying shares in it.
YNAP said it did not comment market speculation.
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At 1517 GMT YNAP shares were up 7.9 percent.
By Maria Pia Quaglia and Stephen Jewkes.
Fast-growing start-ups like Hettas, Saysh and Moolah Kicks created sneakers designed specifically for active women. The sportswear giants are watching closely.
The companies agreed to cap credit-card swipe fees in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.