Yoox SpA Chief Executive Officer Federico Marchetti said the online retailer is looking at acquisitions to bolster its business, though it isn’t in talks currently to buy Cie. Financiere Richemont SA’s Net-a-Porter.
Yoox SpA Chief Executive Officer Federico Marchetti raised his stake in the online retailer of fashion and luxury goods after exercising stock options, saying the Italian company is being undervalued by investors.
Yoox SpA Chief Executive Officer Federico Marchetti said he expects profit margins at the online fashion retailer to widen in 2012 as the company reaps the benefit of investment in mobile commerce and logistics.
Yoox Group, the operator of e- commerce stores for brands from Armani to Zegna, said it expects to increase earnings this year as it invests in logistics and technology after sales accelerated in the fourth quarter.
Yoox SpA Chief Executive Officer Federico Marchetti said consumers in Japan are continuing to order fashion and related goods via the Milan-based company’s websites after the country’s strongest earthquake on record.
Vogue and Elle have long influenced what clothes and handbags image-conscious consumers buy. Now, in a bid to reverse flagging sales and stay relevant, fashion magazines may sell the products they feature in their articles.
Italy goalkeeper Gianluigi Buffon has a “serious” back problem and it’s not clear when he’ll be able to play again in the World Cup, the Associated Press reported, citing team physician Enrico Castellacci.