Richemont : Exit from YNAP in two stages finalised with Farfetch at last!
>Richemont finalises exit process from YNAP through long-awaited agreement with Farfetch - Richemont yesterday announced an agreement concerning its withdrawal from YNAP which provides for the immediate sale of 47.5% of YNAP to Farfetch in exchange for Farfetch shares and 3.2% to YNAP's Middle East partner, Mohammed Alabbar (Symphony Global) in exchange for the contribution of his stake in their JV and therefore allows for the immediate deconsolidation of YNAP from Ri...Compagnie Financiere Richemont is engaged in the luxury goods market. Co.'s interests encompass some names such as Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Alfred Dunhill, Montblanc and Net-a-Porter. Co.'s luxury goods businesses are separated into four segments: Jewellery Maisons (design, manufacture and distribution of jewellery products), Specialist Watchmakers (design, manufacture and distribution of precision timepieces), Montblanc Maison (design, manufacture and distribution of writing instruments) and Other Businesses (Alfred Dunhill, Lancel, ChloA(c), Net-a-Porter, Purdey, textile brands and other manufacturing entities).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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