Retail

Alibaba Buzz Lifts Italian Fashion Retailer’s Stock

After a successful merger last fall, Italian-based online fashion retailer Yoox Net-A-Porter is reaping rewards.

On reports that China-based eCommerce marketplace Alibaba is interested in buying a majority stake in the company, Yoox Net-A-Porter’s stock has seen a bump. On Monday, the retailer’s shares closed up nine percent.

Yoox Net-A-Porter has not commented, but many are speculating about future parternships and growth possibilities. What’s starting these rumors is a report on Chinese fashion website Ladymax.cn that the Italian company is contemplating capital cooperation with the potential of shares being sold to Alibaba.

 

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