Net-a-Porter Group Said To Be Back On The Block
A little more than three years after Compagnie Financière Richemont purchased the luxury group its talk of Net-a-Porter being back. Although it has been denied by Yoox.com that a possible merger or acquisition is in the making. Yoox was indeed in talks to acquire Net-a-porter as part of its efforts to expand the business according to industry sources. Federico Marchetti, the founder and chief executive officer of Yoox which is quoted on the Milan Stock Exchange and has a market capitalization of 1.43 billion euros, or $1.94 billion at current exchange, reiterated later in the day that no talks were currently taking place. It has been stated that with Yoox being a global brand it obviously grows not only through internal lines, but it often examines dossiers about possible acquisitions. Yoox operates e-commerce sites for various brands including Emporio Armani, Valentino and Jil Sander. With Net-a-porter offering full-price luxury merchandise on its site for women and men it would seemingly be a great match for Yoox but industry sources said Net-a-porter’s founder and executive chairman Natalie Massenet doesn’t want to sell to Yoox. Although speculation persists that the London-based e-tailer is for sale there is still no final word confirming any mergers.
Prestige Beauty Site Launched By Amazon
Exciting news for Amazon and its customers. There has been great customer anticipations for luxury beauty brands and the time has finally come. This morning Amazon is launching its prestige cosmetics with the Luxury Beauty Store. The site features 24 brands including Burberry fragrances, Dr. Brandt Skincare, Nars, Jack Black, Deborah Lipmann, L’Occitane, Dr. Dennis Gross Skincare, Stila and many more. You can find these fabulous brands featured on the home page of Amazon’s main navigation bar. There are six categories for customers to shop including Skin Care, Makeup, Fragrance, Hair Care, Men’s and On Trend, which is based on content and trends created by a team of 12 editors. To make customers shopping experience even more convenient there’s an option to refine searches by need, gender, editor’s pick and more. Amazon is truly excited about the new launch and looks forward to continuing satisfying its customer’s needs.
Fendi Casa Opens on Madison Avenue
The luxury living retailer Fendi officially opens its Madison Avenue store on October 23rd. This fabulous upscale retailer offers products for the living room dining room, kitchen and bedrooms, including tables, chandeliers, countertops and fur throws and draws a design connection to Fendi ready-to-wear and furs. Fendi features an array of more than 400 signature customized fabrics and 100 leathers all sourced from high-end suppliers. Their styles represents an well versed balance of classic and contemporary with leather sofas priced $25,000 to $30,000 which can be had with such signatures as the brand’s horse emblem embroidered in the cushions to the “selleria” fine stitching. With a total of six Fendi Casa stores including locations in Milan, Paris, Miami to Los Angeles this luxury retailer is remaining dominant in its industry.
– Keyera Simmons
Sources & Images: WWD
See the Top Ten Summer 2016 Trends for Women Over 40
Tags: Deborah Lipmann, Dr. Brandt Skincare, Dr. Dennis Gross Skincare, Federico Marchetti Yoox, Fendi Casa Madison Avenue, Fendi Casa opens in New York, Jack Black, L'Occitane, NARS, Natalie Massenet, Net-a-Porter Group for sale, Prestige Beauty on Amazon, Stila