ABU DHABI/WAM The National Centre of Meteorology (NCM) has forecast fair to partly cloudy weather …
Read More »Richemont to buy online luxury retailer for $3.3bn
Bloomberg Richemont agreed to take full control of online luxury retailer Yoox Net-a-Porter SpA for about 2.7 billion euros ($3.3 billion), reflecting ecommerce’s inroads into the world of $5,000 Cartier necklaces and $50,000 Vacheron Constantin watches. Investors would receive 38 euros a share, the Geneva-based luxury-goods company said in a statement. Richemont already owns 50 percent of YNAP. The bid …
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