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Yoox Net-a-Porter Sales Soar 31%

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Preliminary numbers are in: Freshly formed Yoox Net-a-Porter Group (YNAP) on Monday revealed that pro-forma sales soared 30.9% to 1.7 billion euros (or $1.8 billion) in 2015, compared to 1.3 billion euros ($1.7 billion) in 2014, citing strong growth by all business channels.

It was the first time the group shared how business has fared since the two e-tailers agreed to merge last March, after Italy’s Yoox purchased the London-based Net-a-Porter from its Swiss parent Richemont. The deal closed on Oct. 5.

For the year ended Dec. 31, net revenues for YNAP’s multi-brand in-season business line, which includes the online channels of Net-A-Porter, Mr Porter, TheCorner and ShoeScribe, rose 36.9% on a pro-forma basis to 893.3 million euros (roughly $1 billion). Meanwhile, multi-brand off-season—Yoox and TheOutnet—net revenues were up 26.1% to 596.4 million euros ($674.3 million).

Read more at Sourcing Journal.

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