The Merger Of Yoox And Net-A-Porter Is Imperative.

Last month, it was said that the merger of Yoox and Net-a-Porter is imperative. Only mergers can reach the necessary scale and should be managed in the rapidly changing electricity market.

Recently, a senior industry official revealed that, like Chanel, it has been settled.

Italy fashion brands such as Armani (Armani) Valentino (Valentino), Zegna (Ermenegildo Zegna), Monkle (Moncler), and Dolce &Gabbana can also invest in the new merged e-commerce platform.

Chanel had already sold its jewellery products on Net-a-Porter, while Kai Yun group sold Yves Saint Laurent Saint (Yves Saint Laurent) online.

(Bottega Veneta) and brands such as Balenciaga, but Gucci (Gucci) is not among them.

The group will have a 50% stake in the merged Yoox-Net-a-Porter group, but its voting power is limited to less than 25% in order to maintain the independence of the new company.

The merger is expected to be completed after the September annual general meeting of the group.

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In the first 10 weeks of the current fiscal year ending June 6th, Mulberry Group PLC recorded a 17% increase in sales, up 15% from the base.

In the past year, the group has been paying the wrong price strategy for former CEO Bruno Guillon.

After a number of earnings warning, in the 2015 fiscal year ended March 31st, the group's adjusted pre tax profit dropped 74% from a year ago, from 14 million 700 thousand in fiscal 2014 to 4 million 500 thousand pounds, slightly higher than the group's previous expectations and expectations of 4 million 300 thousand pounds.

Net profit fell from 86 billion 20 million pounds a year ago to -139.2 million, earnings per share declined from 14.3 pence to -2.3 pence, adjusted earnings per share were 2.1 pence, 19.8 pence a year ago.

Under the leadership of group chairman Godfrey Davis, Mulberry Group PLC has come back to the brand's inherent route. 66% of the 2015 spring and summer products have been accepted by the British core customers in the price range of 500-1000 pounds, which was only 45% a year ago.

After the price cut, the retail performance of the group in the second half of the fiscal year improved significantly, pushing the annual retail revenue to 1%, increasing to 109 million 900 thousand pounds, while the same store sales decreased by 2%.

According to the no fashion Chinese network data, the group's retail revenue and same store sales in the first half of fiscal year ended 9% and 13% respectively, while the two data in the second half of September 30, 2014 increased by 9% and 7% respectively.

According to the market, retail sales in the UK (excluding digital sales) fell by 6.6% to 74 million 700 thousand a year, while same store sales fell 7%, but the same store sales in the second half of the year increased by 3%.

International retail sales (excluding digital sales) increased by 27.4% to 17 million 200 thousand pounds compared to the same period, while same store sales increased by 2%.

Digital sales rose 15% to 18 million pounds, an increase of 2 percentage points to 12%.

Although retail sales have improved, it has been offset by a 28.8% decline in wholesale business (to 38 million 800 thousand pounds), so Mulberry Group PLC's overall revenue fell 9.1% year-on-year, down from 163 million 500 thousand pounds in fiscal 2014 to 148 million 700 thousand pounds, which is in line with market expectations.

In the earnings report, the Group expects wholesale business to stabilize in the current fiscal year, and so far the orders are in line with expectations.