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with online luxury in vogue, richemont snaps up yoox net-a-porter

one of the luxury industry’s biggest firms, compagnie financière richemont sa, is gobbling up yoox net-a-porter sa, one of the fashion world’s most disruptive e-commerce companies.the deal—for richemont to spend up to €2.69 billion ($3.3 billion) buying the shares in e-commerce firm yoox net-a-porter, or ynap, that it doesn’t already own—isn’t large for the swiss luxury conglomerate that owns cartier and many other luxury brands. but it’s a measure of how the shift from brick-and-mortar to online retailing is spreading to...

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gucci's new men's capsule collection for mr porter to debut in mid-may

alessandro michele is preparing for an encore at yoox net-a-porter group, launching gucci’s first capsule men’s collection with mr porter, wwd has learned. the 43-piece collection, which will debut on may 18, comes a year after gucci collaborated on a similar project with net-a-porter.“our customer has truly embraced the new direction of gucci under the creative direction of alessandro michele, and we wanted to reward them with something unique,” said toby bateman, managing director of mr porter.he said the site already does a brisk business “across the gucci range, from the iconic pieces through to the tailored clothing. given the influence gucci and alessandro are having in respect of global trendsetting, it seemed to be a natural next collaboration for us.”bateman added that gucci has a