Edition:
India

Kering Says Relationship with Yoox Net-A-Porter Will Not Change Due To Richemont's Bid For Control


Tuesday, 13 Feb 2018 

Feb 13 (Reuters) - Kering ::CHAIRMAN AND CEO PINAULT SAYS PRIORITY FOR THE GROUP REMAINS ORGANIC GROWTH, ACQUISITIONS NOT NECESSARY FOR THE GROUP IN SHORT OR MEDIUM TERM TO GENERATE GROWTH.GROUP MANAGING DIRECTOR SAYS RICHEMONT'S BID TO BUY OUT REST OF YOOX NET-A-PORTER DOES NOT CHANGE KERING'S RELATIONSHIP AND CONTRACT WITH YNAP.