Yoox Group CEO Federico Marchetti
Yoox SpA offers potential suitors a way to combine two of the fastest growing areas of retail: luxury goods and the Internet.
The $1.6 billion company, which operates e-commerce sites for designer brands including Armani and Moncler, is poised to boost sales by about 75 percent over the next three years, according to data compiled by Bloomberg. Affluent consumers from Seattle to Shanghai have more to spend on luxury goods and are increasingly going online to do it, according to Retail Metrics Inc. That may grab the attention ofAmazon.com Inc., said CRT Capital Group LLC. Read more.
