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Fashion Jobs
H&M
Area Manager - Vietnam
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Manager Quality Continuous Improvement Footwear
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Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Crescent Mall
Permanent · HO CHI MINH CITY
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3pl Business Expert - Warehouse Operations
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Distribution Center Manager
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Store Department Manager (Quản lý Ngành Hàng Tại Cửa Hàng) - đà Nẵng Based
Permanent ·
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Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Vincom Ocean Park
Permanent · HANOI
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Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
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Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
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Department Manager (Quản lý Ngành Hàng) - Khu Vực Ocean Park Gia Lâm
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Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Crescent Mall
Permanent · HO CHI MINH CITY
H&M
3pl Business Expert - Allocation
Permanent · BIEN HOA
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Mega Mall Royal City
Permanent ·
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Vincom Times City
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Aeon Mall Tân Phú
Permanent · HO CHI MINH CITY
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Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Tại Vincom Plaza hạ Long
Permanent · HẠ LONG
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Visual Merchandiser (Phụ Trách Trưng Bày Làm Việc Tại Cửa Hàng) - hà Nội Based
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Times City
Permanent · HANOI
H&M
Visual Merchandiser (Phụ Trách Trưng Bày Sản Phẩm) - Khu Vực Ocean Park Gia Lâm
Permanent · HANOI
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Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Mega Mall Royal City
Permanent · HANOI
H&M
Visual Merchandiser (Phụ Trách Trưng Bày Làm Việc Tại Cửa Hàng) - hồ Chí Minh Based
Permanent · HO CHI MINH CITY
H&M
Nhân Viên tư Vấn Bán Hàng Khu Vực Royal City - hà Nội (Bán Thời Gian và Toàn Thời Gian)
Permanent · HANOI
By
Reuters
Published
Apr 1, 2010
Reading time
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Richemont seeks to buy Net-a-Porter

By
Reuters
Published
Apr 1, 2010

ZURICH (Reuters) - Swiss luxury goods maker Richemont (CFR.VX) is seeking to buy the 67 percent of online fashion retailer Net-a-Porter it does not already own, bolstering its position in luxury internet shopping.

Richemont
Net-A-Porter

Richemont's move comes as speculation heats up that luxury goods companies with strong balance sheets, such as Swatch Group (UHR.VX) and Hermes (HRMS.PA), are likely to pounce on targets as the sector recovers.

"If you believe that the internet for luxury goods is going to be anywhere like the internet already is for high street retail, it looks like a good bit of business," Kepler Capital Markets analyst Jon Cox said.

Richemont's offer, which values the equity of Net-a-Porter at 350 million pounds, has the backing of the British group's management. Founder Natalie Massenet will stay on as executive chairman, Richemont said on Thursday 1 April.

Richemont, which had a net cash position of 1.4 billion euros (1.25 billion pounds) at 31 December 2009, said the offer for Net-a-Porter becomes unconditional on or after April 1 and after this point Richemont is entitled to buy the remaining shares from other shareholders.

Net-a-Porter Limited's turnover for the financial year ended 31 January 2010 was around 120 million pounds and it has around 600 staff, Richemont said. Net-a-Porter Limited owns Net-a-Porter.com, which features collections from more than 300 top global designers.

Richemont, the group behind Cartier jewellery and Chloe handbags as well as top-end watchbrands such as Vacheron Constantin and Jaeger-LeCoultre, is controlled by South Africa's Rupert family.

Johann Rupert, who is already Richemont's executive chairman, tightened his grip on the group on Thursday 1 April when he officially started work as its chief executive, replacing Norbert Platt who is stepping down for health reasons.

(Reporting by Katie Reid; Editing by Mike Nesbit)

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