Slaughters advises as Richemont makes €2.8bn bid for Yoox Net-a-Porter

Magic circle firm acts alongside Italian ally as Swiss luxury group seeks to buy Milan-listed retailer

Slaughter and May is acting for Swiss luxury group Richemont on its €2.8bn (£2.5bn) offer to acquire Milan-listed online retailer Yoox Net-a-Porter (YNAP).

Richemont already has a 49% stake in the business, which it is looking to increase to at least 90%. It is offering €38 (£33) a share.

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