×
1 602
Fashion Jobs
SHISEIDO
Bareminerals Account Manager - Boots Stratford (37.5 Hours)
Permanent · London
SHISEIDO
Nars Business Manager - Fenwick Newcastle (37.5 Hours)
Permanent · Newcastle upon Tyne
SHISEIDO
Account Manager - Boots Hammersmith (22.5 Hours)
Permanent · London
GUCCI LIMITED
Gucci Stock Manager
Permanent · LONDON
NIKE
Purpose Marketing Manager, London
Permanent · London
NIKE
Agile Marketing Manager, London
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis- 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Demand Planner - The Estée Lauder Companies
Permanent · London
SHISEIDO
Bareminerals Account Manager - Boots, Edinburgh Gyle (30 Hours)
Permanent · Edinburgh
SHISEIDO
Laura Mercier Account Manager - Harvey Nichols Manchester (37.5 Hours)
Permanent · Stretford
SHISEIDO
Bareminerals - Account Manager (30 Hours)
Permanent · Edinburgh
V. F. CORPORATION
Manager, Strategic Accounts - Dickies Emea
Permanent · LONDON
VANS
Credit Controller - Spanish Speaking - Vans
Permanent · CALVERTON
VF INTERNATIONAL
Multilingual Credit Controller - Key Accounts (English Plus Any European Language)
Permanent · CALVERTON
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Location - 15Hours / 3 Days - Part-Time, Permanent
Permanent · Exeter
ESTÉE LAUDER
Clinique - Consultant - Sutton Coldfield, Beatties - 15 Hours - Part-Time, Permanent
Permanent · The Royal Town of Sutton Coldfield
ESTÉE LAUDER
Clinique - Consultant - Leicester, Boots - Fosse Park - 15 Hours - Part-Time, Permanent
Permanent · Leicester
YVES SAINT LAURENT UK LIMITED
Saint Laurent HR Manager UK, Ireland & Netherlands
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Hof Bluewater (35 Hours)
Permanent · Dartford
SHISEIDO
Laura Mercier Account Manager - Harvey Nichols, Edinburgh
Permanent · Edinburgh
ESTÉE LAUDER
Origins - Online Trading Manager - Brand Site
Permanent · London
Advertisements
By
Reuters
Published
Mar 9, 2011
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Online fashion firm Yoox on M&A radar

By
Reuters
Published
Mar 9, 2011

MILAN, March 8 (Reuters) - Online fashion retailer Yoox (YOOX.MI) is more likely to buy companies than sell in the fast-growing Internet clothing market as it ramps up its presence in China and the United States.

Yoox
yoox.com

Analysts expect a new consolidation trend in the luxury goods industry after France's luxury group LVMH (LVMH.PA) agreed to take over Italian jeweller Bulgari (BULG.MI) this week.

"Our ears are pricked up for acquisitions," Yoox founder and Chief Executive Federico Marchetti told Reuters at the group's 2010 results presentation on Wednesday.

Online fashion retailer Privalia moved this week to buy Germany's Dress for Less in an estimated 150-200 million euro ($208 million) deal.

Marchetti said he would not consider buying discount retailers, as the group steps up its full-price offerings.

Yoox, which powers sites for top brands such as Valentino and Roberto Cavalli alongside its own multibrand websites, expects in-season apparel to account for half of the group's net revenues by 2015.

Marchetti said he would not expect a takeover bid on the listed company in the near future.

"We see ourselves more as buyers than target," he said.

Yoox plans to invest around 20 million euros over the next five years, mainly on innovation.

It sees China as one of its top three markets in 2015, with the United States overtaking Italy to become No. 1 this year.

Online clothing retailers such as British rival ASOS (ASOS.L) have enjoyed booming sales growth during the economic slowdown, as more customers discover the convenience of shopping remotely.

Yoox's net profit more than doubled to 9.1 million euros in 2010, while sales grew 41 percent to 214.3 million euros, helped by the launch in China of the Emporio Armani online store.

Yoox shares closed up 2.33 percent at 9.90 euros, outperforming the Milan's all shares index .FTITLMS.

(Additional reporting by Sabina Suzzi, writing by Antonella Ciancio; Editing by Richard Chang)

© Thomson Reuters 2021 All rights reserved.