×
1 364
Fashion Jobs
360 TALENT LONDON
Showroom Manager – Central London
Permanent · LONDON
360 TALENT LONDON
Assistant Showroom Manager – Central London
Permanent · LONDON
ESTÉE LAUDER
Operations Support Manager
Permanent · Petersfield
ESTÉE LAUDER
jo Malone London - Omnichannel Operations Manager
Permanent · London
ESTÉE LAUDER
Multi-Brand - Business Manager, 37.5 Hours - Oxford - John Lewis
Permanent · Oxford
V. F. CORPORATION
Key Account Manager
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots Bath - 28 Hours - Permanent
Permanent · Bath
CONVERSE
Strategic Account Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Covent Garden, London - 20 Hours - Permanent
Permanent · London
SHISEIDO
National Account Manager
Permanent · London
TIMBERLAND
Credit Controller - French Speaking - Timberland
Permanent · CALVERTON
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 15 Hours - Permanent
Permanent · Belfast
ESTÉE LAUDER
Clinique - Consultant - Boots Sedley Place, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Stratford, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Durham - 6 Hours - Permanent
Permanent · Durham
ESTÉE LAUDER
Clinique - Consultant - Boots Londonderry - 11 Hours - Permanent
Permanent · Londonderry
ESTÉE LAUDER
Clinique - Consultant - Boots Kensington, London - 22.5 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 10 Hours - Permanent
Permanent · Belfast
BRAND STABLE LTD
Wholesale Sales Executive
Permanent · LONDON
LAIDBACK LONDON
Digital Marketing Manager
Permanent · HARROW
MARSHALLS
70118-lp Detective
Permanent · Banning
ESTÉE LAUDER
Clinique - Consultant - Boots, Watford - 22.5 Hours - Part Time, Permanent
Permanent · Watford
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.