March 31, 2015 / 7:31 AM / 5 years ago

Yoox CEO says luxury brand may invest in Yoox Net-a-Porter group

PARIS/MILAN (Reuters) - A luxury brand could be one of the investors that take part in a planned rights issue this fall once the merger of Richemont’s CFR.VX Net-a-Porter with Yoox YOOX.MI is completed, the CEO of the Italian online retailer told a media call on Tuesday.”We expect the combined group to be a fantastic platform for luxury brands and we can think about luxury brands as strategic investors,” Yoox CEO Federico Marchetti said.

Reporting by Astrid Westlandt and Valentina Za

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