Richemont sells 47,5% of Ynap to Farfetch and 3,2% to Alabbar
Farfetch will be able to reach 100% by 2028, through put and call options of the parties.
Yoox Net A Porter and General Electric: goodbye to the stock market
Starting from 20 June, the Yoox Net A Porter share disappears from Piazza Affari following the acquisition of the e-tailier by the Swiss giant Richemont which led to the delisting of the shares - In the USA, from 26 June, General Electric…
Takeover bid on Ynap concluded: Richemont rises to 94,9%, delisting begins
"Yoox Net-a-Porter powered by Richemont will be truly unbeatable", commented Federico Marchetti at the end of the successfully closed Richemont tender offer - The Swiss will now have to buy the remaining 5% of the capital and then proceed with the delisting.
Super euro, sparks on Wall Street: winds of trade war
New records on Wall Street and the Frankfurt Stock Exchange but the dollar collapses after the adoption of new tariffs by President Trump - Netflix show - Spanish and Portuguese bonds soar - Banks highlighted in…
Borsa, Milan lights up with Ynap. Mediaset halls
Morning of price lists on equality in Europe, with the exception of Madrid and Piazza Affari. The euro strengthens, the Btp-Bund spread decreases. The Richemont takeover bid revitalizes luxury, benefits Ferragamo and Moncler. In France down Sanofi, in Switzerland Ubs…
Ynap takes off: Richemont's total takeover bid for 38 euros
The operation, announced before the opening of the Stock Exchange, values the company at 5,3 billion. The founder Marchetti will deliver his share but will remain: "The company will be managed separately and will remain in Italy". The Swiss luxury group aims at the delisting to encourage investments…
Korea and G20 hold back stock markets. The Bund recovers +0,5%
Geopolitical tensions push the markets to prudence and Milan aligns itself at mid-day - Banks and insurance companies benefit. Carige down after the rally of the past few days, Bpm and Unicredit rise - Mediaset slowdown…
The Stock Exchange falls with the banks on the day of MPS. Ynap shines
Contrasted price lists awaiting the minutes that the Fed will release in the evening - Concerns about the new drop in oil and fears about Korea's warlike moves also contributed to curbing trading - Piazza Affari closes…