Richemont Says Italian Regulator Reopened Review of YNAP Offer
By Euan Conley
Compagnie Financiere Richemont SA (CFR.EB) said Thursday that Italy's market regulator Consob has reopened the review period for its offer document for Yoox Net-A-Porter Group SpA (YNAP.MI).
Consob had suspended the review period on Feb. 21 for up to 15 days in order to evaluate YNAP's approved financial data for 2017. The Italian online fashion retailer reported its full-year earnings on March 6.
Switzerland's Richemont, best known for its luxury watches, offered up to 2.69 billion euros ($3.31 billion) for YNAP last month.
Write to Euan Conley at firstname.lastname@example.org
(END) Dow Jones Newswires
March 08, 2018 13:02 ET (18:02 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.