Yoox Net-A-Porter To Be Married? New Shares Bought By Local Tyrants In Dubai

The growth of fashion business is better than the current retail outlets. It has attracted many investors' favor.

Recently, Yoox Net-A-Porter, a British fashion dealer, announced that its new shares have been acquired by Mohamed Alabbar, a Dubai entrepreneur.

And this young tyrant is also the largest real estate group in the Middle East.

The chairman of real estate.

It is reported that Yoox Net-A-Porter Mohamed Alabbar growth of new shares price than the group's 18 day closing stock price rose 5.7% to 28 euros per share.

The latter acquired 4% of the group's additional shares.

Both sides believe that the acquisition has brought inestimable value to the development of the two sides.

Yoox Net-A-Porter, in particular, thinks this time.

It helps the group open wider road to expand Middle East business.

However, in the future, it is quite possible.

It will gradually become the "descendant of Zara" in the case of Mohamed Alabbar's holdings of shares.

It has been reported before that Zara can achieve such a great success, and a large part of it depends on the strong real estate control of the parent company.

According to the realities of the data, the Dubai Mall's luxury consumption accounts for 50% of the total turnover, so the introduction of Yoox Net-A-Porter can make the total sales of luxury goods grow faster.

However, whether the Mohamed Alabbar will continue to increase the share of Yoox Net-A-Porter in the market, Mohamed Alabbar said that it would only establish partnerships with the group, shareholders and management.