The U.K.’s competition and merger authority may put the brakes on the planned merger between luxury site Net-A-Porter and Italian e-tail company the Yoox Group.
In a note published July 10, the Competitions and Markets Authority invited public comment on whether the merger will result in a substantial lessening of competition within … the United Kingdom for goods or services.”
Richemont put the site up for sale in March. Under the new merger, it retains 50 percent ownership of the site.Follow JCK on Instagram: @jckmagazine
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