Yoox Net-a-Porter: a world-leading online luxury retailer has emerged

Federico Marchetti, the CEO of the newly merged Yoox Net-a-Porter Group, says the combined force of the enlarged business is "staggering", and he described the organisation's future potential as "extraordinary".   

His comments come on the day the merger between Italy-based Yoox and UK business Net-a-Porter became effective, almost six months after the deal to bring the online luxury retailers was approved.

The new business has combined revenues of €1.3 billion, and is being viewed as a new online luxury retailing behemoth.

There have been a number of switches made at the top since the merger was announced, with Net-a-Porter founder Natalie Massenet revealing in September that she was stepping down, having previously been lined up for an executive chairman role. In July, Yoox recruited Asda's multichannel technology director, Alex Alexander, to become its new CIO.

Marchetti commented: "Today marks the first official step in the journey of our game-changing merger and the realisation of a dream that started 15 years ago – a dream that all of us have worked incredibly hard to make a reality: to become the leader in our sector.

"I am thrilled to see the passion with which our two teams have already come together – this energy is at the heart of building Yoox Net-a-Porter Group. Our combined force is staggering, our future potential extraordinary."    

What’s Hot on Essential Retail?