By
Reuters
Reuters
Published
Nov 28, 2016
Nov 28, 2016
Yoox Net-A-Porter agrees online luxury retail business JV in MidEast
By
Reuters
Reuters
Published
Nov 28, 2016
Nov 28, 2016
Italian online fashion retailer Yoox Net-A-Porter Group (YNAP) said on Monday it had signed a joint venture agreement with Dubai-based billionaire Mohamed Alabbar to create an online luxury retail business in the Middle East.
YNAP will hold a 60 percent stake in the joint venture while Symphony Investments, an entity controlled by Alabbar, will own the remaining 40 percent, YNAP said without giving financial details.
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