Reuters: Technology News: Richemont says Net-a-Porter unit is not for sale

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Richemont says Net-a-Porter unit is not for sale Oct 10th 2013, 16:25 ZURICH | Thu Oct 10, 2013 12:25pm EDT ZURICH (Reuters) - Richemont SA on Thursday said its online fashion retail unit Net-a-Porter was not for sale. "Richemont has a long-standing policy of not commenting on market rumors. Exceptionally in this case, Richemont wishes to make it clear that The Net-A-Porter Group is not for sale," the company said in a statement. On Wednesday Italian newspaper Il Sole 24 Ore reported that Net-a-Porter had held talks with rival Italian retailer Yoox. Yoox on Wednesday denied it was in talks with Swiss luxury goods group Richemont over a possible all-paper merger with competitor Net-a-Porter.

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