• YNAP to delist on June 20

    3 monthes ago - By Fashion United

    Yoox Net-a-Porter will be delisting from the Milan Stock Exchange on
    June 20 after Richemont reaches 94.999 percent of the company's ordinary shares. Richemont, which owned 25 percent of YNAP to begin with, launched a takeover in January so they could better position themselves to compete in a growing digital market.
    YNAP's trade will be suspended on June 18. The company, which is owned by
    South African businessman Johann Rupert, issued a statement to shareholders today.
    "Richemont hereby confirms that the Minimum Acceptance Level Condition has been fulfilled, as the 90 percent threshold...
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