Exclusive: Frasers Group mulls Yoox Net-a-Porter bid
Mike Ashley’s retail empire Frasers Group is mulling a potential takeover bid of Yoox Net-a-Porter from Swiss luxury group Richemont, Retail Week can reveal.
Retail Week understands that Frasers has approached investment bank Goldman Sachs, which has been running a sale of Yoox Net-a-Porter, and wants to run the rule over a bid. It is thought to be in the process of drawing up a non-disclosure agreement surrounding the potential deal.
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