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.
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