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Random fashion thoughts - Page 7157  

post #107341 of 109053
All I want to know is-- will this lead to more sick deals or fewer sick deals? This is important information. There are sick deals at stake.
post #107342 of 109053
I hope Yoox's one part-time stylist isn't laid off in the merger and replaced with a team of fancy types from the net a porter group.
post #107343 of 109053
Quote:
Originally Posted by conceptual 4est View Post

that's fuccboi status only because the color of the jacket matches the blue on the sneakers.  you're better than that fuuma!  I remember thinking that when you first posted the pic

Yeah it wasn't really planned TBH, it just pops a little bit in the pic, not even sure the two blues match in real life. Anyway this was a mostly wanker outfit to go see an expo at fondation Cartier then meet friends who really dislike the trainers (my friend was wearing the other colourway so we looked like total assholes).
post #107344 of 109053

Does anybody here own Yoox or Porter stock?

post #107345 of 109053

Net-a-Porter isn't a public company.  It is (was) owned by Richemont

post #107346 of 109053

do Yooxbuxx count as stock?

post #107347 of 109053
Quote:
Originally Posted by gdl203 View Post
 

Net-a-Porter isn't a public company.  It is (was) owned by Richemont

 

I thought some kind of value from Net A Porter folded over into the Yoox stock though? I know next to nothing about stocks and trading.

post #107348 of 109053
Richemont still owns net-a-porter. they'll get a 50% share of the new entity but only 25% of the voting rights, so Yoox will basically run it http://qz.com/373470/the-yoox-and-net-a-porter-merger-is-creating-a-tech-giant-as-much-as-a-fashion-giant/
post #107349 of 109053

On paper, this is such an intriguingly bad deal for Richemont.  NAP generates more EBITDA than Yoox, yet they end up with no cash consideration, a 3-year lockup and no board control.  It's mind-boggling.   No wonder Yoox share price is up 20% - happy shareholders there

post #107350 of 109053
I dunno. NaP hasn't always been profitable in recent years, whereas Yoox has. Richemont was reportedly looking to offload Yoox a while back too (that's where the Amazon acquisition rumors came from I believe). I think this way they don't have to deal with running it and they get the advantage of Yoox's network

--The transaction is positive for Richemont as the combination will improve profitability “considerably” over the next three years, according to Alessandro Migliorini, an analyst at Mirabaud Securities LLP. “The newly formed venture will have more clout against the tech giants that have been encroaching the luxury arena.” http://www.bloomberg.com/news/articles/2015-03-31/richemont-to-merge-net-a-porter-online-luxury-retailer-with-yoox
post #107351 of 109053
Who do they mean by "tech giants" other than Amazon? Apple with its stupid-expensive watch?
post #107352 of 109053
Quote:
Originally Posted by Parker View Post

do Yooxbuxx count as stock?

Moneyoox(TM)
post #107353 of 109053
At least there is somewhere for all of mr P'a leftover sale stuff instead of it just sitting Ina warehouse until 80% off time.
post #107354 of 109053
Quote:
Originally Posted by notwithit View Post

Who do they mean by "tech giants" other than Amazon? Apple with its stupid-expensive watch?

Alibaba, EBay, aliexpress?
post #107355 of 109053
Been thinking about including some new trainers in my rotation. It would still be 97% boots but these have my eye, could be pretty easy to pair with suits etc. Good idea?

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