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Net-A-Porter and YOOX to merge onto one global technology platform

Anh Nguyen | April 6, 2015
YOOX said that the merger will help to cut operational costs as the companies move to “one common global technology and logistics platform that will connect all storefronts and distribution centres...thus allowing for one virtual global inventory”.

"The optimisation of the global logistics platform combined with a more efficient localisation of inventories, closer to the customer, will drive efficiencies in delivery and fulfilment costs. Additional scale scale benefits are expected from bundling top logistics and technology suppliers," it said.

"Capex synergies are expected to primarily arise from optimisation of research and development investment across the two organisations."

The combined company hopes to achieve 60 million of annual run rate EBITDA and capex savings by the third full year following completion, with half coming from revenues and half from cost and capex savings. The transaction is expected to close in September 2015.

Net-A-Porter's founder, Natalie Massenet, will become executive chairman of the new company, while Federico Marchetti, founder and CEO of YOOX, will become its CEO.

 

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